Compare Today’s Mortgage Rates in Denton County
If you’re exploring home financing in Denton, Lewisville, Flower Mound, The Colony, Highland Village, or nearby cities, today’s mortgage rates provide a starting point. Whether purchasing or refinancing, reviewing current rates helps you determine the best monthly payments and loan options for your family’s goals.
Get a quoteThese rates, APRs, monthly payments, and points are updated as of today but can change anytime. The following assumptions apply: a FICO® Score of 780+, a single-family primary residence, and the purchase of up to one mortgage discount point to reduce your interest rate. For personalized guidance, connect with a mortgage loan officer.
Purchase Rates
Conventional Fixed Rate Loans
Conventional fixed-rate mortgages deliver predictable payments over 15, 20, or 30 years. Borrowers usually need 3-20% down and may pay for private mortgage insurance. Credit history, closing costs, and home appraisal are essential to qualifying.
Conforming Adjustable-Rate Mortgage (ARM) Loans
ARMs offer initial rates lower than fixed loans, adjusting over time. These loans can reduce early payments but may increase if market rates rise, suitable for flexible borrowers.
Federal Housing Administration (FHA) Loans
FHA loans provide low down payment options (typically 3.5%) for buyers with less-established credit. Mortgage insurance premiums are required, but these loans expand opportunities for eligible borrowers.
Veterans Affairs (VA) Loans
VA loans benefit eligible service members, veterans, and families with no down payment, relaxed credit requirements, and no mortgage insurance. These loans provide competitive rates and secure financing for primary residences.
Jumbo Loans
Jumbo loans exceed conventional limits for high-value properties. They often require larger down payments, stricter credit, and may have higher interest rates due to non-conforming status. Ideal for buyers seeking luxury homes.
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Refinance Rates
Conventional Fixed-Rate Loans
Refinancing with a conventional fixed-rate mortgage offers stable payments over 15, 20, or 30 years. Borrowers generally need 20% equity to avoid private mortgage insurance. Credit score, closing costs, and home appraisal influence approval.
Conforming Adjustable-Rate Mortgage (ARM) Loans
Refinance with an ARM to take advantage of lower initial rates. Payments may adjust in the future, so these are best for borrowers comfortable with changing rates.
Federal Housing Administration (FHA) Loans
FHA refinance options allow homeowners with lower credit or smaller equity to reduce payments or adjust terms. Mortgage insurance premiums apply.
Veterans Affairs (VA) Loans
VA refinance programs enable eligible veterans and service members to lower rates or monthly payments without a down payment or mortgage insurance.
Jumbo Loans
Refinance jumbo mortgages for high-cost properties. Larger down payments and strong credit are required, with interest rates generally higher than conforming loans.
Frequently asked questions about mortgage rates
Q1: How often do mortgage rates change in Denton County?
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Q2: Can I qualify for these rates with a lower credit score?
Q3: What factors affect my monthly mortgage payment?
Q4: Are these rates available for investment properties?
Q5: How can I reduce my interest rate on a mortgage?
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