Conventional Loans
Overview
Conventional loans remain the most popular choice for homebuyers in . They offer flexible terms, competitive rates, and a wide range of property eligibility, making them ideal for many buyers in the -Fort Worth Metroplex.
Key Features
✔ Down Payment as Low as 3% for first-time 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 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.
✔ Loan limits follow conforming guidelines set by Fannie Mae and Freddie Mac.
Ideal For
✔ Buyers with good credit seeking a mortgage.
✔ Homeowners ready to refinance for better terms in .
✔ Investors purchasing rental or second homes.
Why Supreme Lending
Our mortgage team helps you compare fixed and adjustable rates and find the best conventional loan for your long-term goals.