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Mortgage

Mortgage Loans

Achieve your dream of homeownership with help from Texell's Home Loan Heroes.


Whether you’re a first-time buyer or a seasoned real estate investor, Texell is a perfect choice for all your home and land loan needs. From investment properties to a conventional mortgage, refinancing to low down payment options, check all the boxes at Texell.

The Texell Advantage

  • Personal Service: At Texell, you’re a member, not just a number. Our local home loan experts answer all your questions to guide you from start to close.

  • Decisions Made Locally: Our lending decisions aren’t based on rigid guidelines created in some corporate office. We have the flexibility to consider your entire situation and history.

  • Low Rates: Selecting the right lender isn’t all about the rates, but cost is a factor and Texell rates are always very competitive.

  • Low Fees: Many loan types offer no closing fees, and when this isn’t the case, we do our best to keep fees low.

  • Low Down Payments: Less initial out-of-pocket money means more flexibility for you.

  • Free Rate Locks: Lock your pre-approved rate while you shop with confidence for the perfect home.

  • No Pre-payment Penalties: Your financial success is our primary goal, and we won’t penalize early payment. We’ll celebrate with you!

Apply for a loan Now   View our Rates


Finding the Right Loan for You

Texell offers a full selection of mortgages:

  • Fixed-rate loans starting at 5.38% APR2
  • Conventional mortgages
  • New purchases
  • Investment property loans
  • Manufactured home loans
  • Renovation loans
  • Commercial land/building loans

Mortgages and Refinance Loans

Type and Term

Rate1

APR2

Points

Lender Fee

30-year Fixed

5.88%

6.01%

0.00%

0.50%

15-year Fixed

5.38%

5.60%

0.00%

0.00%

FHA 30-year Fixed

5.99%

6.91%

0.00%

0.00%

FHA 15-year Fixed

5.63%

6.68%

0.00%

0.00%

VA 30-year Fixed

6.13%

6.53%

0.00%

0.00%

VA 15-year Fixed

5.75%

6.41%

0.00%

0.00%

USDA 30-Year Fixed

5.38%

5.89%

0.00%

0.00%

30-year Fixed
Investment Property

7.13%

7.27%

0.00%

0.50%

30-year fixed jumbo

5.88%

5.95%

0.00%

0.00%
1 Rates listed for Jumbo Mortgages are based on a credit score of 780+, a loan amount of $844,000 with a loan-to-value of no more than 80% and are for an owner-occupied, single-family residence. Rates listed for all other loans are based on a credit score of 780+, a loan amount of $272,000 with a loan-to-value of no more than 80% and are for a single-family residence. No cashout, qualifying debt ratios, and credit, 30-day lock. All loans are subject to credit approval and individual rates will vary. For complete details about payments, rates, and fees, please visit our rates page or contact Texell. 
2 APR = Annual Percentage Rate. Rates effective:01/23/2026

Additional Home / Property Loans

Rapid Refinance Home Equity Land and Unimproved Property
  • Low, fixed rates starting at 6.38% APR2
  • $0 closing costs3
  • No escrow required
  • Loans from $40,000 to $510,400
  • 80% maximum loan-to-value (LTV)
  • 660 minimum credit score
  • Maximum debt-to-income ratio of 44%
  • No closing costs for loans under $150,000
  • Low, fixed rates as low as 5.24% 1
  • Up to 20-year terms for first home equity; 15-year term for second home equity
  • Agricultural exemptions allowed
  • Low, fixed land loan rates starting at 6.99% APR2
  • Terms up to 15 years
  • Fast and easy approval.
  • Borrow up to 80% of the fair market value or purchase price
Rapid REfi Home equity land and property
1 Rates are based on a loan amount of $150,000 with a loan-to-value of no more than 80% and a 780 or higher FICO Score. All loans are subject to credit approval and individual rates will vary. For complete details about payments, rates, and fees, please visit our rates page or contact Texell. Existing Texell loans not eligible for refinance.
2 APR = Annual Percentage Rate. Rates effective:
3 $300 for new members.

Not sure how much house you can afford?

Use Texell’s free loan calculators to estimate monthly payments for loans at any amount, interest rate, and length. Measure the difference between 15-, 20-, and 30-year loan payments. Information is power.








Frequently Asked Questions:


Pre-approvals are a great idea, especially in hot real estate markets. Sellers typically prefer offers from pre-approved buyers, so having a pre-approval can not only lock in your rate but also help get your offer accepted. An application can be over the phone or in-person at a branch, or you can apply online.

The answer to this question depends on both your income and your expenses. But a great starting point is using our Mortgage Loan Calculator to estimate your mortgage payment based on the amount borrowed and interest rate. Be sure to consider property taxes and insurance, too. Learn more in our blog article, How Much House Can I Afford?

For a better estimate of what you can comfortably afford, contact a Texell Home Loan Hero at 254.774.5104, visit a branch, or email Mortgage@Texell.org.

Absolutely. Whether you need to change the length of your loan, pull money out of your equity, or save money by refinancing to a lower rate, we have a program to help. Refinance loans are as low as ,1 and some of our programs can see your loan close in just a few weeks. Contact a Texell Home Loan Hero at 254.774.5104, visit a branch, or by email at Mortgage@Texell.org.
For new home purchases, we offer down payments as low as 0% on our VA and USDA loans, down payments as low as 3% on our First-time Homebuyer and Conventional loans and down payments as low as 3.5% on FHA loans. First-time Homebuyer loans offer lower monthly payments with no mortgage insurance.¹ For conventional loans, a down payment of at least 20% allows you to avoid paying mortgage insurance.
A Federal Housing Administration (FHA) loan is a government-backed mortgage insured by Housing and Urban Development (HUD). Today, FHA loans have emerged as the primary source of financing for low down payments and/or lower credit score purchases and refinances and provide excellent financing for most homeowners.

A VA loan is a loan guaranteed by the Department of Veterans Administration for qualified veterans and active-duty military personnel and their spouses who are first- or second-time home buyers.

A USDA home loan offers a 0% down payment for eligible properties and home buyers. The home must be located in an eligible rural area to qualify for this loan, as defined by the USDA.
Texell Home Loans are all fixed-rate loans. A fixed-rate mortgage is a loan with a fixed interest rate that does not fluctuate with market rates and provides a constant monthly payment. When interest rates were much higher, variable rate loans were popular because they often offered lower rates than fixed rates, but there’s now little difference, so we don’t see the value in risking the rates (and your payment) increasing.






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