Compare today’s mortgage rates in Comal County
Looking to compare purchase or refinance rate options in New Braunfels, Canyon Lake, Bulverde, Garden Ridge, Sattler and other cities? Start by checking today’s mortgage rates. With a wide variety of loan options, you’ll find the monthly payment and terms to make your homebuying dreams a reality.
Get a quoteThese rates, APRs, monthly payments and points are current as of today and may change at any time. They assume you have a FICO® Score of 780+ and a specific down payment amount as noted below for each product. They also assume the loan is for a single-family home as your primary residence and you will purchase up to one mortgage discount point in exchange for a lower interest rate. Connect with a mortgage loan officer to learn more about mortgage points.
Purchase Mortgage Rates
Conventional Fixed-Rate Loans
Conventional fixed-rate mortgages provide borrowers with consistent monthly payments and a set interest rate across 15, 20, or 30 years. Buyers generally need a down payment between 3% and 20%. Private mortgage insurance may be required if equity is low. Strong credit history, appraisal results, and closing funds impact approval.
Conforming Adjustable-Rate Mortgage (ARM) Loans
Adjustable-rate mortgages begin with lower interest rates compared to fixed options. Monthly payments start smaller, but rates can adjust upward or downward over time. ARMs are best for borrowers planning shorter stays or those prepared for potential payment changes.
Federal Housing Administration (FHA) Loans
FHA mortgages are backed by the Federal Housing Administration and designed for borrowers with limited savings or modest credit scores. They require as little as 3.5% down. Borrowers must pay upfront and annual mortgage insurance premiums, but FHA loans expand access to financing for many first-time buyers.
Veterans Affairs (VA) Loans
VA loans, guaranteed by the U.S. Department of Veterans Affairs, allow qualified veterans, active-duty service members, and surviving spouses to purchase homes with no down payment and no mortgage insurance. These loans often provide lower interest rates and easier qualification standards compared to conventional products.
Jumbo Loans
Jumbo mortgages are designed for properties exceeding conforming loan limits. Borrowers purchasing high-value homes benefit from higher loan amounts but face stricter underwriting standards. These loans often require larger down payments, higher credit scores, and carry slightly higher interest rates compared to standard conforming loans.
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Refinance Mortgage Rates
Conventional Fixed-Rate Loans
Refinancing into a conventional fixed-rate mortgage provides stable monthly payments with predictable interest rates. Homeowners usually need at least 20% equity to avoid private mortgage insurance. Appraisals, closing costs, and borrower credit scores play important roles in determining eligibility and securing favorable terms.
Conforming Adjustable-Rate Mortgage (ARM) Loans
ARM refinance loans offer initially lower interest rates that can adjust after the introductory period. They are suitable for borrowers who anticipate paying off the loan quickly or those comfortable with payment changes. While riskier than fixed loans, ARMs can lower costs in the short term.
Federal Housing Administration (FHA) Loans
FHA refinancing is a popular choice for borrowers with less equity or lower credit scores. With down payment flexibility and government backing, FHA loans allow homeowners to refinance at competitive rates, though mortgage insurance is required for the life of the loan.
Veterans Affairs (VA) Loans
VA refinancing programs help eligible veterans and service members lower their monthly payments, consolidate debt, or transition from adjustable to fixed rates. With no down payment and no mortgage insurance, VA loans remain one of the most affordable refinancing options.
Jumbo Loans
Jumbo refinance loans are intended for homeowners with high-value properties exceeding conforming limits. While requirements are stricter, they allow borrowers to tap into significant equity or adjust their loan terms. Larger down payments and strong credit histories are generally needed.
Frequently asked questions about mortgage rates
1. How do Harris County mortgage rates compare to national averages?
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2. What impacts my mortgage rate the most?
3. Are adjustable-rate mortgages popular in Harris County?
4. When should I consider refinancing my home in Harris County?
5. Why are jumbo loan rates different from conventional loans?
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