The loan most people picture
A conventional loan is a mortgage without government insurance or guarantee. Most follow Fannie Mae and Freddie Mac guidelines — “conforming” loans — up to an annual limit set by the Federal Housing Finance Agency. Above that limit sits the jumbo market.
Why conventional often wins for strong files
- Mortgage insurance that ends. Put down less than twenty percent and you will usually pay private mortgage insurance, but it can be removed as equity builds.
- Flexibility on property type. Primary homes, second homes and investment property.
- Clean appraisals. Fewer property-condition requirements than some government programs, which helps in competitive Houston-area offers.
Conventional, FHA or VA?
If you are eligible for VA, start with VA. If your credit or down payment is thinner, compare with FHA. If your income is hard to document, see non-QM. I run the comparison either way — that is the job.
Jumbo in Texas
Higher-priced neighborhoods across Houston, Austin and Dallas push many purchases past the conforming limit. Jumbo loans are very workable; they just ask for more — typically stronger credit, more reserves and fuller documentation. Starting early matters more here than anywhere.
What I will not do on this page
Quote rates, payments or the current loan limit. They change, and they depend on you and the county. Applications, pricing and disclosures are handled by All Western Mortgage.