Conventional Loans
Overview
Conventional loans remain the most popular choice for homebuyers. They offer flexible terms, competitive rates, and a wide range of property eligibility, making them ideal for many buyers regardless of their situation.
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 Texas mortgage.
✔ Homeowners ready to refinance for better terms.
✔ Investors purchasing rental or second homes.
Whether you are buying, refinancing, or planning ahead, The Trinity Team Powered by Supreme Lending is here to help. Connect with us to explore your mortgage options and take the next step with confidence.