Texas Cash Out & Home Equity Loans

We Have a Team of Licensed and Experienced Texas Mortgage Loan Officers. Whether you're looking to buy a home in Texas or refinance your existing Texas mortgage loan , borrowers often dread the mortgage loan and refinance process. That is because the traditional way to shop for a mortgage loan is antiquated and broken. Bonelli Financial Group has a streamlined the mortgage loan process to be easy, fast, and exciting so you can focus on enjoying your new home and this new chapter in life without the stress of a long and complicated mortgage loan process.

When searching for mortgage home loans in Texas, it is crucial to consider reputable TX home lenders like Bonelli FG who offer competitive rates and lower refinance fees. Bonelli FG lenders are recognized for offering competitive mortgage home loans in TX with flexible terms to suit a variety of financial situations.

Finding the right lender can significantly impact the overall cost of your mortgage and your ability to refinance in the future. Refinancing your mortgage can be smart, especially if you can secure lower refinance fees from an TX home lender. Refinancing allows TX homeowners to adjust their loan terms, reducing monthly payments or changing the loan duration to better fit their current financial goals.

By partnering with an TX lender that offers lower refinance fees, you can maximize your savings and improve your financial flexibility. It is essential to thoroughly research and compare different TX home lenders to ensure you get the best mortgage home loans in TX. Look for lenders with a strong reputation for customer service, transparent pricing, and a wide range of loan products. This will help you find a mortgage that meets your needs while providing the most favorable terms.

With careful consideration and thorough research, you can find an TX lender that not only meets your immediate needs but also supports your long-term financial goals, providing you with a sense of security and reassurance about your financial future. Call Bonelli Financial Group at 800-266-3554.

Texas Asset-based home loans for buying or refinancing a home

Texas Bank statement loans for self-employed mortgage approval

Texas Conventional mortgage loans and home financing options

In Texas, the average 30-year fixed mortgage rate is currently 6.88%, which is up from 6.82% last week. The state's average is slightly lower than the national average of 6.93%. Additionally, the median home sales price in Q3 2024 was $340,000, and the median days on market was 56, according to Bankrate.

Here's a more detailed breakdown of Texas home mortgage statistics:

Mortgage Rates:

30-year fixed: 6.88%.
15-year fixed: 6.181%.
FHA mortgages: 6.985%.
National Average: 6.93%.

Homeownership:

Homeownership Rate: 63.6% (St. Louis Fed).
Homeownership by Race/Ethnicity:
White: 65.9%.
Black: 45.3%.
Hispanic: 53.2%.

Housing Affordability:

Housing affordability has fallen in Texas due to rising home prices and mortgage rates.
In 2023, the median family income (MFI) was only 7% above the income needed to purchase a median-priced home.
In some Texas cities, like Brownsville, McAllen, and El Paso, the median-income family could not qualify to purchase a median-priced home.

Other Statistics:

Median Home Value: $238,000 (U.S. Census Bureau).
Median Monthly Homeownership Costs: $2,012 (U.S. Census Bureau).
Average Monthly Mortgage Payment: $2,547, a 15% increase from August and almost 50% higher than in 2021.

*The mortgage rate figures, housing statistics, and affordability data presented are for informational purposes only and are based on sources such as Bankrate, the U.S. Census Bureau, and the St. Louis Federal Reserve. These data points reflect general market conditions as of the most recent reporting and are subject to change. Actual rates, housing costs, and affordability may vary by location and individual financial profiles. For accurate, personalized advice, consult a licensed mortgage lender or real estate professional in your area.