--- title: 15-Year, 20-Year & 30-Year Texas Home Loans | Mortgage Length Options --- [Skip to the main content.](https://texasmortgagelending.com/home-loans/15-20-30-year#main-content) [![TML_Logo_Powered_By_CUTX-2026](https://texasmortgagelending.com/hs-fs/hubfs/TML_Logo_Powered_By_CUTX-2026.png?width=1048&height=400&name=TML_Logo_Powered_By_CUTX-2026.png "TML_Logo_Powered_By_CUTX-2026")](https://texasmortgagelending.com/?hsLang=en) [![3.26.2026 TML Powered by CUTX concept V1](https://texasmortgagelending.com/hs-fs/hubfs/3.26.2026%20TML%20Powered%20by%20CUTX%20concept%20V1.webp?width=400&height=101&name=3.26.2026%20TML%20Powered%20by%20CUTX%20concept%20V1.webp "3.26.2026 TML Powered by CUTX concept V1")](https://texasmortgagelending.com/?hsLang=en) - [Jumbo Mortgage](https://texasmortgagelending.com/home-loans/jumbo) Search Toggle Menu Search Toggle Menu - [Jumbo Mortgage](https://texasmortgagelending.com/home-loans/jumbo) - Popular Mortgage Types - [Jumbo Mortgage](https://texasmortgagelending.com/home-loans/jumbo) - [15, 20, and 30-Year](https://texasmortgagelending.com/home-loans/15-20-30-year) - [40-Year Mortgage](https://texasmortgagelending.com/home-loans/40-year) - Government-Backed Loans - [FHA Mortgage](https://texasmortgagelending.com/home-loans/fha-financing) - [VA Mortgage](https://texasmortgagelending.com/home-loans/veterans-va) - [USDA Mortgatge](https://texasmortgagelending.com/home-loans/usda-rural-development) - Specialty Programs - [Adjustable-Rate Mortgage](https://texasmortgagelending.com/home-loans/arm-adjustable-rate) - [Interest-Only (First 5 Years)](https://texasmortgagelending.com/home-loans/interest-only) - [No PMI](https://texasmortgagelending.com/home-loans/no-pmi-lender) - [Rate Buydown](https://texasmortgagelending.com/home-loans/interest-rate-buydown) - [Zero Down Payment](https://texasmortgagelending.com/home-loans/zero-down-payment) [Facebook](https://texasmortgagelending.com/home-loans/15-20-30-year#0) [Instagram](https://texasmortgagelending.com/home-loans/15-20-30-year#0) [Linkedin](https://texasmortgagelending.com/home-loans/15-20-30-year#0) [X](https://texasmortgagelending.com/home-loans/15-20-30-year#0) [YouTube](https://texasmortgagelending.com/home-loans/15-20-30-year#0) [Medium](https://texasmortgagelending.com/home-loans/15-20-30-year#0) Texas Mortgage Lending, powered by CUTX # 15-Year, 20-Year, and 30-Year Texas Mortgages Compare short to medium-term mortgage options in Texas and choose a home loan length that fits your budget, payoff timeline, and long-term plans. A longer mortgage term can help lower your required monthly payment, while a shorter term can help you build equity faster and reduce interest over time. Whether you're buying or refinancing, you can explore fixed mortgage options with support from a Texas-based mortgage team.   ![20-year-mortgage](https://texasmortgagelending.com/hs-fs/hubfs/20-year-mortgage.webp?width=1000&height=900&name=20-year-mortgage.webp) ## 15/20/30-Year Mortgage[1](https://texasmortgagelending.com/home-loans/15-20-30-year#15_20_30_year_mortgage_disclosure) Features and Key Details Choosing the right mortgage term is about more than picking a monthly payment. Compare term lengths, down payment options, refinance flexibility, and other key details to see which mortgage structure may fit your home financing goals in Texas. - Choose a 15-, 20-, or 30-Year Mortgage Term In general, a longer term can reduce your required monthly payment, while a shorter term can help you pay off your home sooner, build equity faster, and reduce total interest over the life of the loan. - Low Down Payment Options May Be Available You may be able to get a mortgage with a low down payment, sometimes as little as 5%, and without private mortgage insurance (PMI). The best option for you will depend on your finances, your goals, and your overall homebuying plans. - Competitive Rates and Low Closing Costs Our mortgage options offer flexible terms, competitive rates, and low closing costs. Your actual rate and terms will depend on factors like your credit history, loan amount, down payment, and our lending policies. - Refinance Options Can Help Reshape Your Loan Refinancing options can let you change your mortgage term, adjust your monthly payments, or better match your loan to your current financial goals. This is helpful if your needs have changed since you first got your mortgage. - Mortgage Interest May Offer Tax Advantages Mortgage interest may be tax-deductible in some situations. Tax treatment depends on your individual circumstances, so it is best to consult your financial advisor for guidance about your specific situation. ## Which Mortgage Length May Fit You Best? The right mortgage term depends on how you want your loan to work for you. Some borrowers want the lowest required monthly payment possible. Others want to pay off their home faster or reduce long-term interest. Comparing 15-, 20-, and 30-year mortgages can help you choose the balance that feels right for your budget and goals. - **15-year mortgage** This option works well for borrowers who want to build equity faster, pay less interest overall, and own their home sooner, even though the monthly payments will be higher. - **20-year mortgage** This is a good choice for borrowers looking for a middle option. Payments are lower than a 15-year loan, but you can still pay off your mortgage faster than with a 30-year term. - **30-year mortgage** This option is best for borrowers who want lower monthly payments, more flexibility in their budget, or the ability to make extra payments when they can. - **Refinancing into a new term** This may suit homeowners who want to review their current mortgage and pick a term that fits their present financial situation. ![A couple stands together, arms around each other, looking at a new home in the distance.](https://texasmortgagelending.com/hs-fs/hubfs/couple_looking_at_house.webp?width=1000&height=900&name=couple_looking_at_house.webp) #### Want a lower required monthly payment? A longer mortgage term can help keep your required monthly payment lower, which may create more room in your monthly budget. [Talk With a Mortgage Specialist](https://texasmortgagelending.com/home-loans/15-20-30-year#lead-form) ![grey-card](https://texasmortgagelending.com/hubfs/grey-card.webp) #### Want to Pay Off Your Home Sooner? A shorter mortgage term can help you eliminate mortgage debt faster and may reduce how much interest you pay over time. [Get Started!](https://texasmortgagelending.com/home-loans/15-20-30-year#lead-form) ![grey-card](https://texasmortgagelending.com/hubfs/grey-card.webp) #### Want to Build Equity Faster? Shorter loan terms typically help you build equity in your home more quickly, which can strengthen your long-term position as a homeowner. [Get in touch!](https://texasmortgagelending.com/home-loans/15-20-30-year#lead-form) ![grey-card](https://texasmortgagelending.com/hubfs/grey-card.webp) #### A Middle-Ground 20-Year Option A 20-year mortgage can offer a balance between monthly payment comfort and faster payoff. [Let's Build Around Your Goals](https://texasmortgagelending.com/home-loans/15-20-30-year#lead-form) ![grey-card](https://texasmortgagelending.com/hubfs/grey-card.webp) #### Low Down Payment Possibilities Some borrowers may qualify for low down payment options, including programs with as little as 5% down and no PMI. [Let's See if You Qualify](https://texasmortgagelending.com/home-loans/15-20-30-year#lead-form) ![grey-card](https://texasmortgagelending.com/hubfs/grey-card.webp) #### Flexibility to Refinance or Pay Extra Refinance options and the ability to make extra payments can help your loan keep working for your goals over time. [Free Ideal Loan Consultation](https://texasmortgagelending.com/home-loans/15-20-30-year#lead-form) ![grey-card](https://texasmortgagelending.com/hubfs/grey-card.webp) ![TML_Red_Logo](https://texasmortgagelending.com/hubfs/TML_Red_Logo.png) ![CUTX Logo_CUTX Horizontal_Slim](https://texasmortgagelending.com/hs-fs/hubfs/CUTX%20Logo_CUTX%20Horizontal_Slim.png?width=444&height=115&name=CUTX%20Logo_CUTX%20Horizontal_Slim.png) ![Equal-Housing-Opportunity-Logo](https://texasmortgagelending.com/hs-fs/hubfs/Equal-Housing-Opportunity-Logo.png?width=140&height=150&name=Equal-Housing-Opportunity-Logo.png) ## Let's discuss your Mortgage Term options *NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX’s lending policies, and property approval. Traditional closing costs apply. Additional terms and conditions may apply. Prequalification is not a commitment to lend. Membership required.*   *1**Rates and terms are subject to change without notice. The rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment and CUTX’s lending policies.* A typical 15-year conforming $300,000 loan with a fixed rate of 5.50% (5.814% APR) would have 180 monthly principal and interest payments of $2,451.25 A typical 20-year conforming $300,000 loan with a fixed rate of 5.625% (5.874% APR) would have 240 monthly principal and interest payments of $2,084.90.  A typical 30-year conforming $300,000 loan with a fixed rate of 5.75% (5.902% APR) would have 360 monthly principal and interest payments of $1,750.72. APR means Annual Percentage Rate. The payment example is for illustrative purposes only and does not include amounts for taxes and insurance premiums. If applicable, the actual payment obligation will be greater. Rates and terms are subject to change without notice. The rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment and CUTX's lending policies.>/span> Title Goes Here Title Goes Here - Example - Example - Example Title Goes Here Title Goes Here - Example - Example - Example Title Goes Here Title Goes Here - Example - Example - Example Title Goes Here Title Goes Here - Example - Example [![TML_Logo_Powered_By_CUTX-2026](https://texasmortgagelending.com/hubfs/TML_Logo_Powered_By_CUTX-2026.png)](https://www.TexasMortgageLending.com) © 2026 Texas Mortgage Lending, Inc. Facebook X Instagram Linkedin YouTube Medium Return to top