While there are a number of specialty loan programs out there that may benefit you, there are also a number of Texas buyers who are perfectly situated for a conventional loan. These loans are offered by private lenders and not backed by any government entity, but they still offer a number of important benefits.
These benefits include low interest rates and flexible qualification guidelines. For instance, while there's a misconception out there that you must put 20% up as your down payment for a conventional loan; in reality, many buyers can pay a down payment as low as 3%. In addition, these loans are available in both fixed-rate and adjustable-rate formats, giving you the flexibility to choose the right loan for your needs.
At Primary Residential Mortgage, we're proud to offer our clients a wide range of conventional loan options. We'll walk you through both conventional loans and other available programs to help you determine which is the best fit for your unique situation.
If you're interested in learning more about conventional loans or any of the other great loan programs available through Primary Residential Mortgage, contact us today! We'll be happy to answer any questions you have and help you get started on the path to homeownership.