Bank Mortgage Lender Rates in Texas
Home buyers in Texas have a wide choice of options to help finance a home purchase. To help select a bank mortgage lender in Texas, Findlocalmortgagerates.com provides the following survey of conventional and FHA mortgage rates in Texas from two of the largest bank mortgage lenders in the U.S., Bank of America and US Bank, and two Texas based bank mortgage lenders, American State Bank and Amarillo National Bank.
This survey, which includes Texas mortgage rates on 30 year conventional fixed rate home loans and FHA mortgage rates, is designed to help prospective home buyers narrow down their search for the best mortgage lender.
Buyers looking for a home loan that requires less of a down payment may want to consider an FHA mortgage but should compare both conventional and FHA loan types to determine which financing type may be the most appropriate.
An FHA insured and guaranteed mortgage loan are designed to make purchasing a home easier with more affordable down payment and cost options, especially for the first-time home buyer. FHA loans feature lower down payments and higher qualifying ratios than most conventional mortgages. There are some limits to the amount of money that can be borrowed with an FHA loan. The fixed rate loan option provides borrowers with a fixed interest rate over the term of the loan.
The results of the mortgage rate survey include:
American State Bank offers a 30 year fixed FHA mortgage rate at 4.75% with no points and an APR of 4.832%.
The 30 year conventional home loan rate in Texas from American State Bank is also at 4.75% with no points and an APR of 4.832%.
Amarillo National Bank offers a 30 FHA mortgage rate in Texas at 4.625% with zero points and a 5.042% APR.
The conventional 30 year fixed rate mortagge from Amarillo National Bank is at 4.75% with no points and a 4.786% APR.
A FHA mortgage from Bank of America on a 30 year fixed rate loan has a rate of 4.50% with 0.75 points and a 4.596% APR.
Bank of America mortgage rate in Texas on a 30 year fixed rate conventional loan is 4.75% with 1.0 point and an APR of 4.868%.
US Bank offers a 30 year FHA home loan in Texas with a mortgage rate of 4.875% and no points with an APR of 5.402%.
The 30 year conventional mortgage rate from US Bank is 4.75% with zero points and an APR of 4.815%.
All Texas mortgage rates listed are current as of this publication date but are subject to change without notice. All loans are subject to bank approval and additional conditions will apply. Not all mortgage applicants will qualify for these rates. Additional mortgage rates and point options are available from these mortgage lenders in Texas. Review the current mortgage rates and costs with each mortgage lender before committing to a final loan request.
American State Bank mortgage center can be reached at 806-767-8260. American State Bank offers mortgage loans in Texas and New Mexico.
Amarillo National Bank and an ANB Mortgage loan representative can be reached at 806-378-8000.
US Bank mortgage rate information can be obtained by calling the bank at 800-365-8544.
Bank of America Home Loans can be reached at 800-586-9861.
Mortgage Rates in Texas with Amegy Mortgage
Finding mortgage rates in Texas is not difficult with the plethora of mortgage lenders and banks offering mortgage loans in the Lone Star state. Among the long list of mortgage lenders is Amegy Mortgage headquartered in The Woodlands, Texas.
Amegy Mortgage is a wholly owned subsidiary of Amegy Bank of Texas. This mortgage lender offers a wide assortment of different loan programs. Amegy Mortgage services include the origination and servicing of commercial and multifamily real estate loans, single family residential loans, and single family construction loans. The mortgage lender offers single family home loan products with competitive mortgage rates throughout Texas.
The mortgage lender has an online pre-qualification process for those prospective borrowers not sure how much of home they can afford or if they qualify for a mortgage refinance.
The main loan products offered by Amegy Mortgage in Texas are fixed rate loans. Fixed rate mortgage loans are one of the most popular loan options and are especially in demand when interest rates are low. Fixed rate mortgages result in a monthly mortgage payment of principal and interest that does not change over the life of the loan.
A 30 year fixed rate loan provides a low monthly payment without the high interest costs of longer term home loans. The 15 year fixed rate loan has a higher monthly mortgage payment but generally offers a slightly lower interest rate and substantial interest savings over the life of the loan.
A sample of the current mortgage rates available in Texas from Amegy Mortgage includes:
A 30 year fixed rate mortgage rate in Texas is 4.875% with no points and an APR of 5.002%.
A 15 year fixed rate mortgage rate is 4.250% with no points and an APR of 4.467%.
These sample Texas mortgage rates are based a 20% down payment for a single family home with a borrower that has excellent credit. Mortgage rates are subject to change and additional conditions will apply to obtain these rates. Texas mortgage interest rates and fees will be based on the borrower’s credit history, down payment, income, and other factors and may be different than the mortgage rates listed above.
The interest rates, annual percentage rates (APRs) and points shown are subject to change without notice. For additional mortgage programs and Texas mortgage rates, contact an Amegy Mortgage representative at: 281-297-7800 or 877-562-6662.