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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 | 6.858%APR 6.893% | 0 pts$0 | $1,696/moP&I $1,696 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.992%APR 6.761% | 0 pts$0 | $1,697/moP&I $1,577 · MI $121 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.928%APR 5.977% | 0 pts$0 | $1,539/moP&I $1,539 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.979%APR 7.033% | 0 pts$0 | $1,717/moP&I $1,717 · MI $0 | See details |
| Investment Property FixedConforming | 7.564%APR 7.604% | 0 pts$0 | $1,820/moP&I $1,820 · 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 | 5.928% | 5.977% | 0 pts ($0) | $2,173/mo | $43,051 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.989% | 6.046% | 0 pts ($0) | $2,726/mo | $60,689 |
Condo 10% Down | 10% | 720 credit score | 7.081% | 7.247% | 0 pts ($0) | $1,952/mo | $68,299 |
Conventional 10% Down | 10% | 720 credit score | 6.552% | 6.706% | 0 pts ($0) | $1,849/mo | $63,661 |
Conventional 20% Down | 20% | 740 credit score | 6.858% | 6.893% | 0 pts ($0) | $1,696/mo | $52,376 |
Conventional 5% Down | 5% | 700 credit score | 6.980% | 7.457% | 0 pts ($0) | $2,039/mo | $71,158 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.302% | 7.340% | 0 pts ($0) | $2,217/mo | $76,103 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,913/mo | $64,825 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.764% | 7.138% | 0 pts ($0) | $2,037/mo | $73,438 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.979% | 7.033% | 0 pts ($0) | $2,146/mo | $72,954 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,668/mo | $63,610 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.992% | 6.761% | 0 pts ($0) | $1,902/mo | $66,709 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,959/mo | $68,575 |
FHA Streamline Refi | 0% | 640 credit score | 6.121% | 6.892% | 0 pts ($0) | $1,998/mo | $70,404 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.954% | 7.196% | 0 pts ($0) | $2,034/mo | $73,682 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,023/mo | $39,603 |
Investment Property 25% Down | 25% | 740 credit score | 7.564% | 7.604% | 0 pts ($0) | $1,706/mo | $54,266 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,743/mo | $54,458 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,880/mo | $57,643 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.365% | 7.140% | 0 pts ($0) | $1,978/mo | $70,270 |
Second Home 10% Down | 10% | 720 credit score | 6.006% | 6.579% | 0 pts ($0) | $1,746/mo | $58,883 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,701/mo | $52,579 |
VA 0% Down | 0% | 700 credit score | 5.988% | 6.230% | 0 pts ($0) | $1,978/mo | $65,183 |
VA Cash-Out Refi | 0% | 640 credit score | 5.996% | 6.362% | 0 pts ($0) | $1,979/mo | $65,262 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.012% | 6.163% | 0 pts ($0) | $1,983/mo | $65,421 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,779/mo | $56,283 |
Frequently Asked Questions
What are today's mortgage rates in 78885, , TX across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 78885, , TX is 6.858% (with an estimated monthly payment of $2,722). Active program rates also include FHA 30-year fixed loans at 5.992% and VA 0%-down fixed loans at 5.988%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 78885, , 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 78885, , TX have fluctuated between a low of 6.480% and a high of 6.940%. 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 78885, , TX?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $323,312 in 78885, , TX, a standard 20%-down Conventional loan requires an upfront cash down payment of $64,662 but keeps your monthly payment lower at $2,722/mo (at 6.858% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,316 (3.5% down) but has an estimated payment of $3,052/mo (at 5.992% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $311,996 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 78885 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 78885 is $806,501. With a typical local home value of $323,312 in , a standard 20%-down mortgage requires a loan size of $258,650. 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 78885, , TX impact estimated mortgage payments?
The median home value in 78885, , TX is estimated at $323,312. Buying a typical home here with a standard 20% down payment ($64,662) translates to an estimated starting monthly mortgage payment of $2,722 (principal and interest). Compared to the local area median household income of $74,554 ($6,213/mo), this basic housing payment represents approximately 43.8% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.