Loan Program · N° 01
Conventional Loans
The flexible standard for strong borrowers.
Traditional financing with competitive rates for buyers with solid credit and stable income — from primary residences to second homes and rentals.
Fixed and adjustable-rate options (10, 15, 20, and 30-year terms).
Available for primary, secondary, and investment properties.
Ideal for borrowers with a 620+ credit score and documented income.
PMI is removable once you reach 20% equity — unlike FHA.
As little as 3% down
First-time buyers can enter with a low down payment while keeping rates competitive.
No PMI at 20%
Reach 20% equity and drop private mortgage insurance entirely.
Loan sizes to $806,500
Conforming limits cover the vast majority of Dallas-area homes for 2025.
Common Questions
Conventional FAQs
How much do I need to put down?
As little as 3% for qualifying first-time buyers, though 5–20% is common. At 20% down you avoid private mortgage insurance entirely.
What credit score do I need?
Generally 620 or higher. A stronger score earns a better rate, and we’ll show you exactly how the tiers work for your situation.
Can I use a conventional loan for a rental?
Yes. Conventional financing is available for primary residences, second homes, and investment properties, each with its own guidelines.
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