VA loans
Spring is about 34 miles from Ellington Field Joint Reserve Base, so many buyers here are active-duty service members and veterans. VA loans usually need no down payment and no monthly mortgage insurance for eligible borrowers.
Spring at a glance
- County
- Harris County
- Metro area
- Houston-Pasadena-The Woodlands, TX
- Population (2024)
- 67,103
- Median home value
- $221,300 (Texas: $260,400)
- Land area
- 22.49 sq mi
- Nearest major city
- The Woodlands, about 11 miles
- Nearest military installation
- Ellington Field Joint Reserve Base, about 34 miles
Home prices in Spring
The median value of owner-occupied homes in Spring is about $221,300, below the Texas median of $260,400 and compared with $255,000 across Harris County.
Home loan options in Spring
USDA loans
Most of Spring is too populated for USDA Rural Development loans, but some surrounding areas near smaller communities like Oak Ridge North and Humble may qualify. Eligibility is set address by address on USDA's map.
FHA and conventional loans
FHA loans offer flexible credit guidelines and a low down payment, while conventional loans can work well for buyers with stronger credit. Both are available throughout Harris County.
Refinancing a home in Spring
A rate-and-term refinance can lower your rate or change your loan term without taking cash out. If you want to tap your equity, Texas treats any cash-out refinance of your homestead as a home equity loan under Section 50(a)(6) of the Texas Constitution: the new loan plus other debt on the home generally can't exceed 80% of its value, and closing waits at least 12 days after you apply and receive the required notice. Veterans may also use a VA streamline (IRRRL) refinance, and FHA borrowers an FHA streamline refinance.
Down payment help for Spring homebuyers
Buyers in Spring can apply for Texas state programs, including My First Texas Home, My Choice Texas Home, Texas Mortgage Credit Certificate, Homes for Texas Heroes, as well as programs run by Harris County or local housing agencies where available. Income, purchase price and eligibility rules apply.
Texas rules that apply in Spring
Texas cash-out refinance and home equity loans (Section 50(a)(6))
Texas has stricter home equity rules than any other state. They apply whenever you take cash out of your homestead, through a cash-out refinance or a home equity loan.
Property taxes, homestead exemptions and escrow
Texas has no state income tax and no state property tax, but local taxes set by counties, cities, school districts and special districts are among the higher rates in the country. Most lenders collect property taxes and homeowners insurance monthly in an escrow account.
Title insurance and closing
Title insurance premiums in Texas are set by the Texas Department of Insurance, so the base premium is the same at every title company. Closings usually take place at a title company.
Home loans near Spring
Spring mortgage FAQs
What is the median home value in Spring, Texas?
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About $221,300, based on the U.S. Census Bureau's 2019-2023 American Community Survey. The Texas median is $260,400 and the Harris County median is $255,000.
What county is Spring, TX in?
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Spring is in Harris County. Property taxes and the homestead exemption are handled by the Harris County appraisal district.
What is the conforming loan limit in Harris County?
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For 2026, the conforming loan limit for a one-unit home is $832,750, the same in every Texas county. Larger loans are jumbo loans.
Can I get a USDA loan in Spring?
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Most addresses inside Spring are not USDA-eligible because of its population, but some nearby rural areas may be. Eligibility depends on the exact address and your household income.
Can I do a cash-out refinance on a home in Spring?
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Yes, under Texas home equity rules (Section 50(a)(6)). Your new loan plus other debt on the home generally can't exceed 80% of its value, and the loan can't close until 12 days after you apply and receive the required notice. A rate-and-term refinance with no cash out isn't subject to these limits.
Is Spring a good place to use a VA loan?
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Many VA borrowers buy in Spring, which is about 34 miles from Ellington Field Joint Reserve Base. VA loans usually need no down payment and no monthly mortgage insurance for eligible veterans and service members.
Ready to buy or refinance in Spring?
Talk with a licensed HomyLoan loan officer: Office (830) 200-0016 · Cell (817) 305-3724