Conventional Loans in Texas
We help buyers across Texas get clear and affordable conventional home loans. These loans
offer flexible terms, low down payment options, and long-term value for qualified borrowers.
About
What Is a Conventional Loan?
A conventional loan is a home loan that is not insured or backed by the government.
It follows guidelines set by Fannie Mae and Freddie Mac.
Many Texas buyers choose conventional loans because they offer:
- Competitive interest rates
- Flexible repayment options
- Fewer long-term insurance costs
Why Choose
Why Choose a Conventional Loan in Texas?
A conventional loan may work well in Texas if you:
- Have steady income
- Want lower long-term costs
- Plan to own your home for years
- Are buying a primary, second, or rental home
You may qualify if you meet common lender guidelines:
- Credit score usually 620 or higher
- Down payment as low as 3% for some programs
- Stable income or self-employment history
- Manageable monthly debt
- Property meets lender standards
All loans require lender approval.
Benefits
Benefits of Conventional Loans
Low Down Payment Options
Some programs allow 3% down for qualified buyers
Mortgage Insurance Can Be Removed
PMI may be removed once you reach 20% equity
More Property Flexibility
You can buy: Primary residences, Second ho mes, Investment properties
Predictable Payments
Fixed and adjustable options available
Types
Types of Conventional Loans
Fixed-Rate Mortgage
Same monthly payment
Ideal for long-term planning
Adjustable-Rate Mortgage (ARM)
Lower starting rate
Rate may change after initial period
Jumbo Conventional Loans
Used for higher-priced Texas homes
Stricter credit and income rules
When Is a Conventional Loan a Good Choice?
A conventional loan may be right for you if:
- Your credit score is strong
- You want to remove mortgage insurance later
- You want flexible property options
- You prefer stable monthly payments
Conventional Loans Across Texas
We serve homebuyers throughout Texas, including:
- Dallas
- Houston
- Austin
- San Antonio
- Fort Worth
- Plano
- Frisco
Texas Conforming Loan Limits
- Loan limits depend on the county and change every year.
- Loans above local limits may require a jumbo loan.
How to Get a Conventional Loan in Texas
Review your credit score
Check your income and debts
Get pre-approved
Choose a Texas home
Submit documents
Close your loan
Comparison
Conventional Loan vs FHA Loan
Conventional Loan
- Down Payment: As low as 3%
- Credit Score: Usually 620+
- Mortgage Insurance: Can be removed
- Property Types: Primary, second, investment
FHA Loan
- Down Payment: 3.5%
- Credit Score: Often 580+
- Mortgage Insurance: Often permanent
- Property Types: Primary only
FAQs
Frequently
Asked Questions
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
Is it hard to get a conventional loan in Texas?
It depends on your credit, income, and debts. Strong financial profiles usually qualify more
easily.
What credit score do Texas lenders prefer?
Most lenders look for 620 or higher, but higher scores often get better rates.
Are conventional loans better than FHA in Texas?
For buyers with good credit, conventional loans often cost less over time.
Can I buy a rental property with a conventional loan in Texas?
Yes. Many conventional loans allow investment properties, with higher down payments.
How long does closing take in Texas?
Most conventional loans close in 30–45 days, depending on the file.
Do conventional loans have income limits?
Most do not, but lenders verify your ability to repay.
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
JL Lending Team
Why Choose JL Lending Team in Teaxas?
Compare Payments Clearly
See side-by-side breakdowns of rates, terms, and monthly payments with no hidden surprises.
Avoid Approval Delays
Stay on track with proactive communication and a smooth, streamlined process.
Submit Accurate Documents
Receive a simple checklist and expert review to ensure everything is correct the first time.
Make Informed Decisions
Get honest insights and professional advice so you can choose with confidence.
Contact Us
Start Your Texas Conventional Loan Today
You can begin by checking your credit, planning your down payment, getting pre-approved, and reviewing your loan options. Taking these simple but important steps will prepare you for a smoother home-buying process. A conventional loan can then give you the confidence and flexibility to purchase a Texas home with ease.