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.

15/20/30-Year Mortgage¹ 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.

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.

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

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!

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!

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

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

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

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.

¹Rates 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>

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