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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 | 6.986%APR 7.028% | 0 pts$0 | $976/moP&I $976 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.092%APR 6.868% | 0 pts$0 | $974/moP&I $905 · MI $69 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.243%APR 6.305% | 0 pts$0 | $904/moP&I $904 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.064%APR 7.311% | 0 pts$0 | $984/moP&I $984 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.718% | 0 pts$0 | $1,040/moP&I $1,040 · 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 | 6.243% | 6.305% | 0 pts ($0) | $1,260/mo | $25,803 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.305% | 6.457% | 0 pts ($0) | $1,581/mo | $36,167 |
Condo 10% Down | 10% | 720 credit score | 7.319% | 7.497% | 0 pts ($0) | $1,136/mo | $39,995 |
Conventional 10% Down | 10% | 720 credit score | 6.897% | 7.064% | 0 pts ($0) | $1,089/mo | $37,891 |
Conventional 20% Down | 20% | 740 credit score | 6.986% | 7.028% | 0 pts ($0) | $976/mo | $30,328 |
Conventional 5% Down | 5% | 700 credit score | 7.289% | 7.785% | 0 pts ($0) | $1,195/mo | $42,059 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.435% | 7.481% | 0 pts ($0) | $1,276/mo | $43,980 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,087/mo | $36,835 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.869% | 7.252% | 0 pts ($0) | $1,170/mo | $42,292 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.064% | 7.311% | 0 pts ($0) | $1,230/mo | $41,924 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,516/mo | $36,144 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.092% | 6.868% | 0 pts ($0) | $1,092/mo | $38,447 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,113/mo | $38,965 |
FHA Streamline Refi | 0% | 640 credit score | 6.286% | 7.065% | 0 pts ($0) | $1,155/mo | $40,932 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.261% | 7.516% | 0 pts ($0) | $1,192/mo | $43,483 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,149/mo | $22,503 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.718% | 0 pts ($0) | $975/mo | $31,088 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $990/mo | $30,944 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,068/mo | $32,754 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.453% | 7.235% | 0 pts ($0) | $1,135/mo | $40,406 |
Second Home 10% Down | 10% | 720 credit score | 6.103% | 6.685% | 0 pts ($0) | $1,002/mo | $33,940 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $966/mo | $29,876 |
VA 0% Down | 0% | 700 credit score | 6.118% | 6.368% | 0 pts ($0) | $1,139/mo | $37,771 |
VA Cash-Out Refi | 0% | 640 credit score | 6.120% | 6.495% | 0 pts ($0) | $1,140/mo | $37,782 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.131% | 6.289% | 0 pts ($0) | $1,141/mo | $37,844 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,011/mo | $31,981 |
Frequently Asked Questions
What are today's mortgage rates in 79748, , TX across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 79748, , TX is 6.986% (with an estimated monthly payment of $1,204). Active program rates also include FHA 30-year fixed loans at 6.092% and VA 0%-down fixed loans at 6.118%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 79748, , 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 79748, , TX have fluctuated between a low of 6.873% and a high of 7.127%. 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 79748, , TX?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $183,710 in 79748, , TX, a standard 20%-down Conventional loan requires an upfront cash down payment of $36,742 but keeps your monthly payment lower at $1,204/mo (at 6.986% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,430 (3.5% down) but has an estimated payment of $1,346/mo (at 6.092% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $177,280 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 79748 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 79748 is $806,501. With a typical local home value of $183,710 in , a standard 20%-down mortgage requires a loan size of $146,968. 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 79748, , TX impact estimated mortgage payments?
The median home value in 79748, , TX is estimated at $183,710. Buying a typical home here with a standard 20% down payment ($36,742) translates to an estimated starting monthly mortgage payment of $1,204 (principal and interest). Compared to the local area median household income of $97,960 ($8,163/mo), this basic housing payment represents approximately 14.7% 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.