Conventional Loans
Overview
Conventional loans remain the most popular choice for homebuyers in Dallas-Fort Worth, Texas. They offer flexible terms, competitive rates, and a wide range of property eligibility, making them ideal for many buyers in the Dallas-Fort Worth-Fort Worth Metroplex.
Key Features
✔ Down Payment as Low as 3% for first-time Dallas-Fort Worth buyers.
✔ Variety of Terms – Fixed or adjustable-rate mortgages to fit your needs.
✔ No Upfront Government Fees – Unlike FHA or VA loans.
✔ No PMI once you reach 20% equity on your Dallas-Fort Worth home.
Eligibility & Guidelines
✔ Minimum credit score typically 620 or higher.
✔ Debt-to-income ratio usually below 45%.
✔ Works for primary residences, second homes, and investment properties in Dallas-Fort Worth or DFW.
✔ Loan limits follow conforming guidelines set by Fannie Mae and Freddie Mac.
Ideal For
✔ Buyers with good credit seeking a Dallas-Fort Worth mortgage.
✔ Homeowners ready to refinance for better terms in Dallas-Fort Worth, Texas.
✔ Investors purchasing rental or second homes in the Dallas-Fort Worth area.
Why Supreme Lending Dallas-Fort Worth
Our Dallas-Fort Worth mortgage team helps you compare fixed and adjustable rates and find the best conventional loan for your long-term goals.
Contact Supreme Lending Dallas-Fort Worth to explore all your loan and down payment assistance options in Dallas-Fort Worth, Texas and start your path to homeownership today. >>>