Texas Conventional Loan Done on Honest Math
Buying with a Texas Conventional Loan? 3% minimum down for qualified buyers, conforming limits set the ceiling, PMI cancellation gets modeled. Real math drives the recommendation, not marketing.
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What Conventional Offers Texas Buyers
Texas 3 Percent Minimum Down Path
Conventional allows 3% down for qualified buyers. We confirm eligibility honestly, then quote the realistic down payment for your file.
Rate Competitiveness Against FHA in Texas
Conventional often beats FHA after factoring mortgage insurance over the loan life. We compare all programs honestly on your file - your numbers, not industry averages.
Texas PMI Has a Real Exit Date
Conventional PMI applies under 20% down but has a real expiration. Auto-cancellation at 78% of original value. Earlier cancellation at 80% via appraisal.
Our Rates For You
CONV 30 Year Purchase
Rates and APR shown are based on a $350,000 loan amount, 850 credit score, primary residence, single family home, 75% loan to value ratio, and owner occupied property. Payment example assumes no other liens on the property and includes principal and interest only. Taxes, insurance, mortgage insurance, and escrow items are not included and will increase the actual payment. Rates, APR, and points are subject to change without notice and may vary based on credit profile, property type, occupancy, loan to value, loan amount, and other qualifying factors. Not all borrowers will qualify.
How Texas Conventional Files Close
What a Texas Conventional Loan Actually Delivers
Most Texas Purchases Stay Conforming
FHFA sets the conforming ceiling annually. Limits cover most purchases today. We confirm whether your target falls inside conforming, into high-balance, or into jumbo before recommending any program.
Fixed and Adjustable Options Both Available in Texas
Term choices on conventional include 30-year fixed, 15-year fixed, and 5/6, 7/6, 10/6 ARMs. Fixed wins long-term holds. ARM wins shorter horizons. We model both on your actual file before recommending one over the other.
Texas Conventional for All Property Types
Primary, second home, and investment property all qualify under conventional. Each type has different rules. Primary starts at 3% for qualified buyers. Second home: 10% minimum. Investment: 15-25% down with rate adjustments.
$810M
18 Years
27500+
Conventional vs Other Loans
Conventional
FHA
VA
USDA
For homes beyond standard loan limits.
High value homes should not mean high stress financing. A conventional loan with jumbo options offers competitive rates, simple terms, and a clear path to purchase without compromise.
What could you afford with a conventional loan
Before you fall for a listing, see how the math feels. Use the calculator to test price, down payment, and taxes for your county. You will know what is comfortable before you schedule tours.
Real people. Real challenges. Real mortgage success.
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A Texas Conventional Loan follows Fannie Mae or Freddie Mac standards, funded by private lenders. Rate and terms depend on credit, down payment, and DTI. The 30-year fixed handles most Texas purchases.
3% is the minimum through HomeReady or Home Possible for qualified buyers. Standard conventional asks 5% minimum. 20% down eliminates PMI. We model all the tiers - 3%, 5%, 10%, 20% - on your file before recommending.
620 is the standard conventional credit minimum. Some lenders set higher overlays of 640 or 660. Below 620, FHA usually fits better. We pull credit on day one and confirm which programs work.
PMI auto-cancels at 78% of original LTV with on-time payments. Earlier removal at 80% current value via borrower-paid appraisal. Once cancelled, PMI never returns - which is FHA's biggest disadvantage on most files.
Fixed rate locks for the loan's full life. ARM offers a lower start then adjusts after 5-10 years. Long-term plans favor fixed. Short horizons (under 7 years) often favor ARM.
FHFA set the 2026 conforming limit at $806,500 for single-family in most counties. Loans over $806,500 hit jumbo territory with different underwriting and pricing. We confirm your loan size against the limit before quoting any rate.
Yes - conventional covers primary, second home, and investment. Primary: 3% for qualified buyers. Second home: 10% minimum. Investment: 15-25% with rate adjustments. Each type has different qualifying rules.
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Advertised offers are not guaranteed if you do not continue to meet Oxford Home Lending's criteria and other factors bearing on your creditworthiness. Rates will vary depending on your loan term, loan type, credit profile & score, down payment, qualifying ratios, and property collateral. Monthly payments do not include property taxes, property insurance, and homeowners' association dues. Since costs can vary based on a loan program, closing costs are not shown in the examples. To qualify for a mortgage, borrowers must be U.S. citizens or permanent residents, and meet Oxford Home Lending's underwriting and Investor requirements. Interest rate examples are as of 03/03/2026 and subject to change without notice. All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Rate subject to change depending on time of lock.
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Lower, LLC | NMLS ID# 1124061 | 5950 Symphony Woods Road Suite 312 Columbia, MD 21044 | Equal Housing Opportunity | https://nmlsconsumeraccess.org/ | Not an offer of credit or commitment to make a loan; all approvals are subject to underwriting guidelines including but not limited to acceptable current credit worthiness, income history, debt ratio, etc. Loan programs & options are subject to change at any time. Rates will vary depending on your loan term, loan type, credit profile, down payment, and qualifying ratios. Rates can change daily. Some restrictions may apply. No statement herein should be construed as being made on behalf of any state or federal agency.
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