South Houston, TX Mortgage Rates and Refinance Rates

Mortgages in South Houston, TX: Find the best South Houston, TX mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in South Houston, TX, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in South Houston, TX. Another option is searching for South Houston, TX refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of South Houston, TX mortgage rates or refinance rates.

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South Houston, Texas Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in South Houston, TX are the most popular type of mortgages rates you can find advertised for home buyers in South Houston, TX. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. South Houston, TX mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees South Houston, TX banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes South Houston, TX conforming mortgage rates and refi rates lower than South Houston, TX jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by South Houston, TX home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in South Houston, Texas

Jumbo mortgage rates in South Houston, TX are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in South Houston, TX and adjustable mortgage rates in South Houston, TX. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in South Houston, TX make.

South Houston, Texas Fixed Mortgage Rates and Fixed Refinance Rates

South Houston, TX fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.

South Houston, Texas Adjustable Mortgage Rates

Adjustable South Houston, TX mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in South Houston, TX are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in South Houston, TX. Most adjustable mortgages in South Houston, TX have yearly caps and life time maximum caps on how high the interest rate can fluctuate.



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South Houston FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Bank of America, National Association

3510 1627 Spencer Highway, South Houston, TX 77587

Compass Bank

19048 1218 Spencer Highway, South Houston, TX 77587

First National Bank Texas

3285 6322 Telephone Road, South Houston, TX 77587

International Bank of Commerce

19629 1630 Spencer Hwy, South Houston, TX 77587

JPMorgan Chase Bank, National Association

628 1618 Spencer Highway, Suite A, South Houston, TX 77587

Prosperity Bank

16835 3100 South Shaver, South Houston, TX 77587

Regions Bank

12368 1111 Spencer Highway, South Houston, TX 77587