How Much Does It Cost To Buy A House In Texas

Given that house prices and mortgage rates change over time, many homebuyers wonder, “how much does it really cost to buy a house in Texas?”

How Much Are Closing Costs In Texas?

The home’s actual price is just one of the costs buyers face when they decide to buy a house in Texas. There are a variety of fees along the way that are collectively referred to as closing costs.

Typically, the total closing costs are around 2% of the purchase price. For example, if homebuyers purchase a home that costs $400,000, their closing costs would be around $8,000. The best way to anticipate how much you will pay in closing costs is to speak with a reputable mortgage lender, like JVM Lending. We can provide custom housing expense scenarios detailing each fee.

Closing costs can exceed 2% as well. Some of the factors that influence those costs are the mortgage program, occupancy, credit score, down payment amount, and property type.

What About Down Payments?

Another substantial cost to buy a house in Texas is the down payment. Different mortgage programs have different allowable down payment minimums.

Below is a general overview of down payment requirements for the top three most common loan types:

    1. VA home loans generally provide 100% financing with no down payment.
    2. FHA loans allow homebuyers to put down a minimum of 3.5% of the purchase price.
    3. Conventional mortgage loans provide 3% to 5% down payments depending on whether or not you are a first-time homebuyer.

Related: Types of Mortgage Loans 

Down payments are one of the highest costs homebuyers face when purchasing a house. However, most mortgage programs, including FHA and Conventional loans, permit buyers to receive gifts from family members, close friends, and other accepted sources.


Purchasing a home is a big step for many people, and figuring out just how much it costs to buy a home in Texas can be tricky. The best way to identify how much a buyer will need to spend on their purchase is to speak with a trusted mortgage lender, like JVM Lending.  JVM Lending’s Mortgage Analysts are available 7-days a week by phone at (855) 855-4491 or by email at [email protected].

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