Texas Home Loans
The Lone Star State is changing rapidly. With world-class cities and a booming economy, Texas attracts movement from across the country. Everything is bigger in Texas, but that doesn’t have to apply to your mortgage.
With the support of Capstone Direct, we work to secure the best home loans in Texas for our clients. Whether you’re moving to Houston, Dallas, or San Antonio, affordable home financing options are available.
Start your journey to homeownership by comparing the latest mortgage rates from Capstone Direct today.
Finance Your Home in Texas
American home loans in Texas are available now at affordable rates. Despite rising real estate prices, Texas remains one of the most affordable states. Considering its popularity, Texas’s median income sits above the national median, with house prices falling below it.
Today, the Zillow Home Value Index (ZHVI) has calculated the typical home value across the country. As of winter 2022, the ZHVI sits at $354,649, which is the home value you will likely see nationwide.
Texas’s abundant land, no state income taxes, and high-earning potential mean real estate prices have remained relatively mild.
Currently, the typical home value in Texas is just $314,718, which is less than 80% of the nationwide average. If you’re looking to move, American home loans in Texas have never been more affordable.
Choose Capstone Direct to get the help you need to find the right mortgage in Texas. We can review the market in three minutes or less, providing you with a quick yet accurate snapshot of the current home market in Texas.
Keep in mind there are substantial differences between counties. While areas like Downtown Houston and Dallas remain expensive, there are plenty of more affordable options throughout the state.
Currently, the most expensive places to purchase real estate include Dallas-Fort Worth, with a median housing price of $475,000. On the other hand, the median house price for a home in San Antonio is just $327,000.
These figures illustrate the importance of shopping around and being flexible on location to get the best deals.
Types of Texas Home Loans
Secure a mortgage you can afford with Capstone Direct.
Our state-of-the-art platform means Texas mortgage loans are just a few clicks away. Navigate the minefield of Texas home finance to streamline the process of obtaining your mortgage.
Check out some of the home loan solutions available now.
Conventional mortgages are backed by the federal government and comply with Freddie Mac or Fannie Mae standards.
These loans are ideal for first-time buyers and people on lower incomes because you can secure your mortgage by putting down as little as 3%. You can also waive the requirement to take out mortgage insurance by putting down a minimum of 20%.
The U.S. Department of Veteran Affairs provides home loans in Texas to veterans, active service members, and surviving spouses. VA-approved mortgage companies in Texas offer the lowest rates of any available home loan.
You don’t need to put any money down, take out private mortgage insurance, or pay sky-high interest rates with VA loans.
With a credit score of 640, you’re guaranteed to qualify for a VA loan.
Get your mortgage through the Federal Housing Administration. FHA loans are available if you have a low credit score or are trying to climb onto the housing ladder.
With a credit score of 500, you can put down just 10% on your home purchase. Boost your credit score to 580; you can put down as little as 3.5%.
Private mortgage insurance is mandatory for these loans.
USDA loans are available for home purchases in designated suburban and rural areas. Available via the USDA Rural Development Guaranteed Housing Loan Program, these loans in the Lone Star State mean no money down and no need for a high credit score.
However, if you have a credit score of at least 640, you can take advantage of premium processing from your mortgage lender in Texas.
Purchasing a home in Texas and can’t find a mortgage to cover the cost?
Jumbo loans are a type of loan for home purchases exceeding $647,200. While you can borrow more than a conventional mortgage, you may be required to put down up to 20% as a deposit. Furthermore, closing costs are often higher, with interest rates exceeding the market average.
Find a low-rate Texas mortgage using a jumbo loan today with Capstone Direct’s mortgage comparison platform.
TDHCA First-Time Homebuyer Loans
Help for first-time buyers is available in Texas. You are eligible if you haven’t owned a primary residence in the Lone Star State for at least three years. Honorably discharged veterans can see this requirement waived entirely.
Down payment and closing cost assistance are available. Some programs in targeted areas will offer higher purchase and income limits.
However, you must have a minimum credit score of 620 to participate in TDHCA programs.
Why Capstone Direct?
Start your journey to homeownership with Capstone Direct. We’re the mortgage provider supporting hard working Americans in securing their home loans since 2007.
Our goal is to be the number one mortgage platform in the nation. Through our R.I.S.E philosophy, we aim to provide a simple, hassle-free mortgage experience.
- Relationships – We work to create a strong network of stakeholders pushing in one direction. The cohesiveness throughout our company leads to a better customer experience for all.
- Integrity – Transparency and honesty are our two primary values. We espouse these qualities in everything you do to establish our reputation as a reliable mortgage platform.
- Service – Tired of the slow, complicated mortgage application process? Accelerate the mortgage approval process with the Capstone Direct team.
- Expertise – Our decades of collective experience within the Texas home loans market enables us to find the best deals on your behalf.
Achieve your goal of becoming a homeowner with the support of the Capstone Direct team. Compare mortgage rates in three minutes or less and determine how much you can expect to pay on your next home loan.
Contact Capstone Direct to start your mortgage application today.