Select your Scenario
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 | 7.625%APR 7.785% | 0 pts$0 | $505/moP&I $505 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.936%APR 6.686% | 0 pts$0 | $465/moP&I $432 · MI $33 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 7.125%APR 7.429% | 0 pts$0 | $480/moP&I $480 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.625%APR 7.728% | 0 pts$0 | $505/moP&I $505 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 8.093% | 0 pts$0 | $505/moP&I $505 · 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 | 7.125% | 7.429% | 0 pts ($0) | $646/mo | $14,349 |
15-Year Rate/Term Refi | 0% | 740 credit score | 7.125% | 7.359% | 0 pts ($0) | $807/mo | $19,674 |
Condo 10% Down | 10% | 720 credit score | 7.625% | 8.055% | 0 pts ($0) | $568/mo | $20,143 |
Conventional 10% Down | 10% | 720 credit score | 7.464% | 7.661% | 0 pts ($0) | $559/mo | $19,753 |
Conventional 20% Down | 20% | 740 credit score | 7.625% | 7.785% | 0 pts ($0) | $505/mo | $16,087 |
Conventional 5% Down | 5% | 700 credit score | 7.341% | 7.855% | 0 pts ($0) | $583/mo | $20,536 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.625% | 7.946% | 0 pts ($0) | $631/mo | $21,846 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $527/mo | $17,869 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.919% | 7.320% | 0 pts ($0) | $570/mo | $20,647 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.625% | 7.728% | 0 pts ($0) | $631/mo | $21,846 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $735/mo | $17,534 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $521/mo | $18,241 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $540/mo | $18,903 |
FHA Streamline Refi | 0% | 640 credit score | 5.936% | 6.686% | 0 pts ($0) | $540/mo | $18,903 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.313% | 7.587% | 0 pts ($0) | $581/mo | $21,227 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $558/mo | $10,916 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 8.093% | 0 pts ($0) | $473/mo | $15,081 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $480/mo | $15,011 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $518/mo | $15,889 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 5.936% | 6.686% | 0 pts ($0) | $521/mo | $18,241 |
Second Home 10% Down | 10% | 720 credit score | 7.625% | 8.119% | 0 pts ($0) | $568/mo | $20,143 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $469/mo | $14,493 |
VA 0% Down | 0% | 700 credit score | 6.067% | 6.143% | 0 pts ($0) | $550/mo | $18,184 |
VA Cash-Out Refi | 0% | 640 credit score | 6.067% | 6.143% | 0 pts ($0) | $550/mo | $18,184 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.067% | 6.143% | 0 pts ($0) | $550/mo | $18,184 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $490/mo | $15,514 |
Frequently Asked Questions
What are today's mortgage rates in Garza-Salinas II, TX across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Garza-Salinas II, TX is 7.625% (with an estimated monthly payment of $491). Active program rates also include FHA 30-year fixed loans at a competitive rate and VA 0%-down fixed loans at a benchmark rate. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Garza-Salinas II, 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 Garza-Salinas II, TX have fluctuated between a low of 7.625% and a high of 7.625%. 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 Garza-Salinas II, TX?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $89,121 in Garza-Salinas II, TX, a standard 20%-down Conventional loan requires an upfront cash down payment of $17,824 but keeps your monthly payment lower at $491/mo (at 7.625% interest) with no monthly PMI. In comparison, an FHA loan requires only $3,119 (3.5% down) but has an estimated payment of —/mo (at — interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $86,002 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 Garza-Salinas II before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Garza-Salinas II is $806,501. With a typical local home value of $89,121 in , a standard 20%-down mortgage requires a loan size of $71,297. 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 Garza-Salinas II, TX impact estimated mortgage payments?
The median home value in Garza-Salinas II, TX is estimated at $89,121. Buying a typical home here with a standard 20% down payment ($17,824) translates to an estimated starting monthly mortgage payment of $491 (principal and interest). Compared to the local area median household income of $39,609 ($3,301/mo), this basic housing payment represents approximately 14.9% 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.