Rate competition in San Antonio: USAA Federal Savings holds the largest HMDA share, but Frost Bank consistently files lower average APRs for conforming San Antonio loans at 81% LTV and 43% DTI. Compare USAA Federal Savings and Frost Bank Loan Estimates before locking — the gap is typically $38/month on the median loan.
San Antonio, Texas: 2026 Market Data
📊 LOCAL MARKET DATA
- Median home price: $215,000
- Year-over-year price change: 3.4%
- FHA loan share: 27.6%
- Conventional loan share: 57.4%
- Property tax rate (Bexar County): 2.08%
- Top local lenders: USAA Federal Savings, Frost Bank, JPMorgan Chase
Data from U.S. Census Bureau, HMDA, county assessor
Mortgage Rate Trends in San Antonio: 2026
If you're shopping for a mortgage in San Antonio, it helps to understand the local market before you lock in a rate. The median home price here sits at $215,000, and prices have climbed 3.4% over the past year, so you're buying into a market that's been steadily appreciating rather than swinging wildly. That kind of stability can work in your favor when you're planning your budget. How buyers finance those homes tells you something too. Conventional loans make up 57.4% of the local market, while FHA loans account for 27.6%. That sizable FHA share suggests plenty of San Antonio buyers are using lower-down-payment options to get in the door, so don't assume a conventional loan is your only path. One number that catches many newcomers off guard is the property tax rate in Bexar County, which runs 2.08%. Since that affects your monthly escrow payment, factor it into your affordability math early, not after you've fallen for a house. Finally, rates and terms vary from one lender to the next, so gather several quotes, compare the fine print, and ask about all the fees before committing. A little legwork now can save you over the life of the loan.
San Antonio Mortgage Math: $186,000 Loan at Current Rates
Let's run the numbers on a $186,000 loan, which lines up with plenty of starter homes and condos around San Antonio's more affordable zip codes. At a 30-year fixed rate hovering near current 2026 levels, your principal and interest payment lands in a manageable range that leaves room for the rest of your budget. But in Texas, the real story is the add-ons. Property taxes here run high compared to most states, and Bexar County is no exception, so your escrow portion can rival or exceed your interest cost in the early years. Homeowners insurance, with hail and storm risk factored in, also pushes the monthly figure upward. A buyer should expect the all-in payment to be considerably higher than the bare loan math suggests. Putting 20 percent down sidesteps private mortgage insurance entirely, while a smaller down payment adds that cost until you build enough equity. Always ask your lender for the full PITI breakdown before celebrating.
