TEXAS MORTGAGE BROKER · SINCE 2012
Conventional Loans in Texas
For buyers with solid credit and stable income, conventional loans offer the best rates and the most flexibility. This is how most of my Texas clients finance their homes.
Why Choose a Conventional Loan?
Conventional loans are not backed by a government agency, which means they follow guidelines set by Fannie Mae and Freddie Mac. For qualified buyers, they typically offer the most competitive rates and terms available.
The conforming loan limit determines the maximum loan amount for a conventional mortgage. In most Texas counties, this limit is set to accommodate the state’s diverse housing markets, from affordable neighborhoods in San Antonio to growing suburbs in DFW and Austin.
As an independent broker, I have access to wholesale conventional rates that most retail lenders cannot match. My low overhead means those savings get passed directly to you.
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Best Rates Available
Qualified borrowers with strong credit and solid income typically get the lowest rates through conventional financing. This is where the broker advantage really shows.
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No Permanent PMI
Once you reach 20% equity, private mortgage insurance is removed. With FHA, mortgage insurance stays for the life of the loan in most cases.
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Maximum Flexibility
Conventional loans work for primary residences, second homes, and investment properties. They also offer the widest range of term options.
General Conventional Loan Requirements
✓ Minimum 3% down payment (5% for non-first-time buyers in some cases)
✓ Credit score of 620 or higher (best rates typically require 740+)
✓ PMI required if down payment is less than 20%
✓ Stable employment and income documentation
✓ Debt-to-income ratio guidelines per Fannie Mae/Freddie Mac
See What Conventional Rate You Qualify For
I will pull your numbers and show you exactly what wholesale pricing looks like for your situation.
Anthony Ferrando | Ferrando Financial LLC | NMLS# 2403080