Texas Mortgage Broker

Mortgage Broker Texas

Texas added more residents than any other state last year. Houston is projected to add over 30,000 new jobs in 2026. Dallas added an estimated 40,000 to 50,000 in the past year. The economic engine of the Lone Star State keeps running.

But the housing market tells a more complicated story. Prices across Texas's major metros have softened from their pandemic peaks. Austin is down 3.4% year-over-year. Dallas is down 4.1%. San Antonio is down 1.8%. Homes are sitting on the market for 82 days on average statewide. Over 30% of listings have taken price cuts. Sellers are negotiating in ways they simply were not willing to two years ago.

For buyers who have been waiting on the sidelines, this combination of strong job growth, softening prices, and motivated sellers is exactly the environment where smart financing makes the biggest difference.

X2 Mortgage is a licensed mortgage broker Texas buyers across Dallas, Houston, Austin, San Antonio, and every market in between rely on for wholesale lender access, zero lender fees, and mortgage rates Texas retail banks cannot match.

Texas Is Four Different Housing Markets Right Now

One of the most common mistakes Texas buyers make is treating statewide data as if it applies to their specific market. It does not. Here is what is actually happening across the four major metros in 2026:

Austin

The most dramatic correction of any major Texas market. After prices nearly doubled between 2020 and 2022, Austin has been working through a sustained correction with the metro median dipping to $415,300 in Q1 2026, down 3.4% year-over-year. Inventory is elevated. Days on market are long. Sellers are offering concessions. For buyers who have been priced out of Austin for years, this is the most buyer-friendly market since before the pandemic.

Dallas-Fort Worth

The steepest correction among major Texas metros, down approximately 4.1% year-over-year. The underlying fundamentals remain strong with consistent population inflow and a diversified economy. For buyers, 2026 is an opportunity window in Dallas that has not been open since before the pandemic.

Houston

The relative bright spot. Houston did not experience the same vertical price spike during the pandemic years, so it has not had as far to fall. The market is stable, the median sits around $324,000, and affordability is genuinely improving. For first-time buyers, Houston offers the most accessible path into Texas homeownership among the major metros right now.

San Antonio

Prices down approximately 1.8% year-over-year with elevated inventory. The correction follows pandemic-era overheating. Buyers now have more time, more choices, and more negotiating room than at any recent point.

Here is what working with X2 Mortgage means across every Texas market:

• Zero lender fees, saving you an average of $1,500 or more at closing
• 40-plus wholesale lenders competing for your specific loan scenario
• Access to TDHCA and TSAHC down payment assistance programs
• Pre-approvals completed fast so you can act when the right property appears
• Loan officers who know the difference between an Austin condo deal and a Houston first-time buyer scenario
• Licensed to serve buyers and homeowners throughout the entire state of Texas

Current Mortgage Rates Texas

Mortgage rates in Texas shift weekly based on Federal Reserve policy, bond markets, and lender competition. The gap between what one lender quotes and another for the same borrower on the same day can exceed half a percentage point.

On a $400,000 Texas home loan, a 0.50% rate difference saves approximately $1,200 per year and over $36,000 over the life of the mortgage. That is the real dollar value of shopping lenders rather than accepting the first rate you are quoted.

Use our mortgage calculator Texas to run your payment estimate across different rate and down payment scenarios before you speak to any lender. The mortgage estimator Texas buyers use most effectively is one that models best-case, expected, and conservative scenarios together so your budget is realistic before you start shopping.

Rather than publish rates that will be outdated tomorrow, we do something more useful, we shop your actual scenario across 40+ wholesale lenders and show you the real rate you qualify for, not a headline average.

The 2026 conforming loan limit for Texas is $832,750 statewide. Most Texas purchases outside luxury Austin and Dallas neighborhoods fall comfortably within conventional loan limits.

Texas Home Loans: Right Program for Every Buyer

Every Texas buyer's situation is different. A veteran buying near Lackland Air Force Base needs a completely different conversation than a first-time buyer in Houston using TDHCA assistance or an investor picking up a rental in the Dallas suburbs.

Conventional Loans

Best for buyers with 620-plus credit and 3% to 20% down. Most Texas purchases fall well within the $832,750 conforming limit. Fannie Mae HomeReady and Freddie Mac Home Possible allow as low as 3% down for qualifying buyers.

FHA Loans

3.5% down with a 580 credit score. Works alongside Texas TDHCA and TSAHC assistance programs. Particularly useful for first-time buyers in Houston and San Antonio where price points are most accessible to moderate-income households.

VA Loans

Zero down payment for eligible veterans and active duty service members. Texas has one of the largest veteran populations in the country. Fort Hood, Lackland Air Force Base, Fort Sam Houston, and multiple other installations drive significant VA loan demand across the state. No PMI, no minimum credit score set by the VA, and competitive rates make this the strongest available loan for eligible borrowers.

USDA Loans

Zero down for eligible rural properties. Significant portions of Texas qualify for USDA financing, particularly in communities outside major metro areas. Income limits apply by household size and county.

Jumbo Loans

For purchases above $832,750, primarily relevant in luxury Austin, Dallas, and Houston markets. We work with jumbo lenders offering competitive fixed and adjustable programs for high-value Texas properties.

DSCR Investment Loans

Texas's rental market remains strong across all major metros. DSCR loans qualify investors on rental income rather than personal income, making them the preferred structure for Texas real estate investors scaling their portfolios in today's market.

Texas Down Payment Assistance Programs

Texas has two primary state-level down payment assistance programs that most buyers never fully take advantage of. X2 Mortgage actively works with lenders participating in both.

My First Texas Home Program

Managed by the Texas Department of Housing and Community Affairs, this program offers 30-year fixed-rate mortgages with down payment and closing cost assistance of up to 5% of the loan amount. Available to first-time buyers and qualifying veterans. Minimum 620 credit score required.

Home Sweet Texas Home Loan Program

Offered by the Texas State Affordable Housing Corporation, this program is available to both first-time and repeat buyers who meet income limits. Provides 30-year fixed-rate mortgages and down payment assistance as either a non-repayable grant or a deferred forgivable second lien. Income limits vary by county.

Both programs require working with a participating lender. We know which lenders are currently active in these programs and can tell every qualifying Texas buyer immediately whether they qualify before they apply anywhere else.

What Texas's 2026 Market Actually Means for Buyers

The Texas Real Estate Research Center projects the statewide median rising modestly through 2026 as mortgage rates ease and buyer demand gradually recovers. The buyers who benefit most from this transition are the ones who are pre-approved, well-financed, and ready to move when the right property appears.

Key Texas market data for 2026:

• Statewide median sale price: approximately $342,000, down 1.8% year-over-year
• Austin metro median: approximately $415,300, down 3.4% year-over-year
• Dallas median: down approximately 4.1% year-over-year
• Houston median: approximately $324,000, most stable major metro
• San Antonio median: down approximately 1.8% year-over-year
• Days on market: 82 days statewide
• Sale-to-list ratio: 97.1%
• Months of supply: approximately 5 months statewide
• Active listings: 173,000+ statewide, up 2.2% year-over-year
• Over 30% of listings have had price drops

How X2 Mortgage Gets Texas Buyers Better Deals

X2 Mortgage is a licensed mortgage broker Texas buyers across every market in the state work with because we give them access to a wholesale lender market that retail banks cannot match. When your loan goes out to 40-plus lenders simultaneously, those lenders compete for your business. That competition is how our clients close at rates and terms that retail borrowers cannot access on their own.

"Texas buyers are in a genuinely strong position in 2026," says Shawn Malkou, Managing Broker at X2 Mortgage. "Prices have corrected, inventory has improved, and sellers are negotiating. The buyers who are going to win are the ones with the strongest financing, and that is exactly what we build."

We do not charge lender fees. We actively work with TDHCA and TSAHC participating lenders. We understand the difference between financing a first-time buyer in Houston using FHA and state assistance and structuring a jumbo purchase in an Austin luxury neighborhood. And we are available when deals move fast.

Frequently Asked Questions: Mortgage Broker Texas

Is now a good time to buy in Texas?

Yes. Prices have corrected meaningfully from their 2022 peaks across Austin, Dallas, and San Antonio. Homes are averaging 82 days on market statewide. Sellers are offering concessions. The Texas Real Estate Research Center projects modest price recovery through 2026 as mortgage rates ease. The buyers who benefit most are the ones who are pre-approved and ready to act.

What is the FHFA conforming loan limit in Texas for 2026?

The 2026 conforming loan limit is $832,750 statewide. Most Texas purchases fall within conventional limits. Purchases above this amount require jumbo financing.

What down payment assistance programs are available in Texas?

The My First Texas Home Program offers up to 5% of the loan amount in down payment assistance for qualifying first-time buyers. The Home Sweet Texas program is available to both first-time and repeat buyers meeting income limits. Both require working with a participating lender. X2 Mortgage works with active participating lenders for both programs.

How do I use the Texas mortgage calculator and estimator?

Our mortgage calculator Texas and mortgage estimator Texas tools let you input purchase price, down payment, loan type, and current rate to estimate your full monthly payment. Given the range of Texas price points from Houston under $325,000 to luxury Austin above $800,000, running these tools before you start shopping sets a realistic budget for your specific market.

Is X2 Mortgage licensed in Texas?

Yes. X2 Mortgage is a licensed mortgage broker Texas buyers and homeowners across the entire state can work with, from Dallas and Houston to Austin, San Antonio, Fort Worth, and every market in between.