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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.952%APR 6.993% | 0 pts$0 | $1,003/moP&I $1,003 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.084%APR 6.859% | 0 pts$0 | $1,003/moP&I $933 · MI $71 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.099%APR 6.158% | 0 pts$0 | $918/moP&I $918 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.898%APR 6.940% | 0 pts$0 | $998/moP&I $998 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.703% | 0 pts$0 | $1,073/moP&I $1,073 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.099% | 6.158% | 0 pts ($0) | $1,287/mo | $25,973 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.042% | 6.102% | 0 pts ($0) | $1,603/mo | $35,847 |
Condo 10% Down | 10% | 720 credit score | 7.287% | 7.464% | 0 pts ($0) | $1,167/mo | $41,074 |
Conventional 10% Down | 10% | 720 credit score | 6.863% | 7.028% | 0 pts ($0) | $1,119/mo | $38,895 |
Conventional 20% Down | 20% | 740 credit score | 6.952% | 6.993% | 0 pts ($0) | $1,003/mo | $31,116 |
Conventional 5% Down | 5% | 700 credit score | 7.261% | 7.753% | 0 pts ($0) | $1,229/mo | $43,215 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.396% | 7.440% | 0 pts ($0) | $1,311/mo | $45,125 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,121/mo | $37,980 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.860% | 7.242% | 0 pts ($0) | $1,205/mo | $43,557 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.898% | 6.940% | 0 pts ($0) | $1,247/mo | $42,280 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,563/mo | $37,268 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.084% | 6.859% | 0 pts ($0) | $1,125/mo | $39,598 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,148/mo | $40,177 |
FHA Streamline Refi | 0% | 640 credit score | 6.278% | 7.056% | 0 pts ($0) | $1,190/mo | $42,159 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.214% | 7.468% | 0 pts ($0) | $1,223/mo | $44,580 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,185/mo | $23,203 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.703% | 0 pts ($0) | $1,006/mo | $32,055 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,021/mo | $31,906 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,101/mo | $33,772 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.447% | 7.228% | 0 pts ($0) | $1,169/mo | $41,629 |
Second Home 10% Down | 10% | 720 credit score | 6.088% | 6.668% | 0 pts ($0) | $1,032/mo | $34,918 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $996/mo | $30,805 |
VA 0% Down | 0% | 700 credit score | 6.105% | 6.354% | 0 pts ($0) | $1,173/mo | $38,870 |
VA Cash-Out Refi | 0% | 640 credit score | 6.109% | 6.483% | 0 pts ($0) | $1,174/mo | $38,893 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.117% | 6.274% | 0 pts ($0) | $1,175/mo | $38,940 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,042/mo | $32,975 |
Frequently Asked Questions
What are today's mortgage rates in 77616, , TX across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 77616, , TX is 6.952% (with an estimated monthly payment of $1,314). Active program rates also include FHA 30-year fixed loans at 6.084% and VA 0%-down fixed loans at 6.105%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 77616, , TX?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 77616, , TX have fluctuated between a low of 6.607% and a high of 7.060%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 77616, , TX?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $189,423 in 77616, , TX, a standard 20%-down Conventional loan requires an upfront cash down payment of $37,885 but keeps your monthly payment lower at $1,314/mo (at 6.952% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,630 (3.5% down) but has an estimated payment of $1,474/mo (at 6.084% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $182,793 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 77616 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 77616 is $806,501. With a typical local home value of $189,423 in , a standard 20%-down mortgage requires a loan size of $151,538. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 77616, , TX impact estimated mortgage payments?
The median home value in 77616, , TX is estimated at $189,423. Buying a typical home here with a standard 20% down payment ($37,885) translates to an estimated starting monthly mortgage payment of $1,314 (principal and interest). Compared to the local area median household income of $51,935 ($4,328/mo), this basic housing payment represents approximately 30.4% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.