Buying a home in Texas 2026: current mortgage rates, FHA and conforming loan limits, closing costs, and state assistance programs with live FRED data.
As of June 29, 2026, the 30-year fixed mortgage rate stands at 6.49% according to FRED data, while the 10-year Treasury yield sits at 4.38%, producing a spread of 2.11 percentage points. These figures provide the baseline for pricing conventional, FHA, and jumbo loans across the state. Rates have remained elevated compared with pre-2022 levels, increasing monthly principal-and-interest payments for the typical Texas borrower.
The Federal Housing Finance Agency raised the baseline conforming loan limit to $832,750 for 2026. In most Texas counties this serves as the ceiling for standard conventional financing. FHA loan limits range from a floor of $541,287 in lower-cost markets to higher ceilings in expensive counties, allowing qualified buyers to finance up to those amounts with FHA insurance.
| Loan Type | 2026 Limit (Texas) | Minimum Down Payment | Credit Score Floor |
|---|---|---|---|
| Conforming (baseline) | $832,750 | 3–5% | 620+ |
| FHA | $541,287–higher | 3.5% | 580+ |
| Jumbo | Above $832,750 | 10–20% | 700+ (typical) |
Average closing costs in Texas fall between 2% and 5% of the loan amount. On a $400,000 mortgage this translates to roughly $8,000–$20,000 in lender, title, and government fees. Borrowers can reduce expenses by comparing Loan Estimates and negotiating specific charges such as origination or underwriting fees.
The Texas State Affordable Housing Corporation (TSAHC) offers 30-year fixed-rate mortgages paired with down-payment assistance grants and Mortgage Credit Certificates. These programs are delivered through approved lenders and target first-time and income-eligible buyers who meet program-specific credit and income guidelines.
Major Texas markets show varied price points that interact with the 2026 loan limits. In the Dallas-Fort Worth and Austin metros, median home values often push buyers toward conforming or jumbo products, while many Houston and San Antonio neighborhoods remain within FHA limits. Property taxes, which are among the highest in the nation, also factor into affordability calculations when determining total monthly housing costs.
For buyers planning to purchase in Texas in 2026, locking in a 30-year rate near 6.49% while staying within the $832,750 conforming limit or the $541,287 FHA floor remains the most straightforward path. Run live scenarios at HomeRates.ai to model payments under current FRED rates and 2026 limits before submitting an offer.
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