Benzinga has researched the top mortgage lenders to show you the best mortgage lenders in San Antonio, Texas for buying a home or refinancing.
The Best Mortgage Lenders in San Antonio, Texas
- Best For:Flexible Mortgage OptionsVIEW PROS & CONS:securely through Angel Oak Mortgage Solutions's website
- Best For:Online MortgagesVIEW PROS & CONS:securely through Rocket Mortgage (formerly Quicken Loans)'s website
- Best For:Self-employed BorrowersVIEW PROS & CONS:securely through CrossCountry Mortgage's website
See also: Best Mortgage Lenders in Texas
Achieve Home Ownership With Angel Oak Home Loans
Angel Oak Home Loans is a full-service mortgage lender offering traditional and portfolio Non-QM mortgage loans. Angel Oak is licensed in 45 states and offers competitive rates and quick closing times.
- Available for purchase, cash-out or rate-term refinance
- Primary, second home, or investment properties
- Single family, townhomes, or condos
- Loan amounts up to $3.5 million
- No tax return options for self-employed borrowers and real estate investors
- 1099 income options available
- Government loan products available (FHA, USDA, VA)
- Competitive rates on conventional purchase and refinance
- Flexible down payment options
- Non-warrantable condos allowed
San Antonio, Texas Real Estate Market
San Antonio is the 2nd most populous state in Texas and the 7th most populous in the United States with 1,434,625 residents. Known as Greater San Antonio, its metropolitan area is the 3rd largest metropolitan area in Texas. It is the most visited city in all of Texas, with attractions such as; The Alamo, The San Antonio Zoo, the River Walk, and the Tower of The Americas. Its municipality is over 300 years old and contains historic parks and churches throughout the city. San Antonio is also home to major companies like Valero Energy Corp, H-E-B, Tesoro, and USAA. The South Texas Medical Center and Fort Sam Houston are also located in San Antonio.
The median home value in San Antonio is currently $184,962. The real estate market here has seen an increase in the annual appreciation rate over the last 10 years of 6.08%. While most residents are homeowners, there is a large percentage of renters - nearly 47%. The average rental rate for this area is $1,445 per month. Most homes are single-family with 3 bedrooms, built between 1970 - 1999. San Antonio is home to many ethnically diverse young professionals looking to start their careers and enjoy the history and culture of this big city.
Popular Neighborhoods in San Antonio
Cross Mountain
Scenic Oaks
Oakland Estates
Leon Springs/Beckmann
Timberwood Park
Wetmore
Kentwood Manor
Robards
Southton/Boldtville
China Grove
Nearby Communities
Alamo Heights
Castle Hills
Hill Country Village
Hollywood Park
Kirby
Leon Valley
Olmos Park
Shavano Park
Terrell Hills
Windcrest
Current Mortgage Rates in Texas
Several factors impact your mortgage rate. These include your credit history, the size of your down payment and your mortgage amount. Rates change daily and lenders adjust rates up or down to reflect changes in the economy and in the housing market. We update mortgage rates frequently to reflect the most relevant information.
Loan Type | Rate | APR |
---|---|---|
30-year fixed | 6.802% | 6.921% |
15-year fixed | 6.545% | 6.824% |
7/1 ARM (adjustable rate) | N/A | N/A |
5/1 ARM (adjustable rate) | 6.4% | 7.246% |