Loan Options

Residential Mortgage Options in McKinney, TX

Primary Residential Mortgage, Inc. offers a wide range of loan options to Texas borrowers in McKinney and surrounding areas at competitive mortgage rates. We specialize in 30-year and 15-year fixed mortgages, adjustable-rate mortgages, and unique programs like manufactured housing loans and 2/1 buy-down mortgages.

We also assist homebuyers with the following government-backed mortgage options:


The home buying process becomes easier when the buyer is ready for all possible outcomes. Mortgage pre-qualification is important because it lets clients know how much they can borrow from a lender. As a result, they can prepare a budget and set realistic expectations for their future residential property.  Talk to one of our local experts in our McKinney, TX branch about getting pre-qualified for a home loan.

Apply Now

Low Credit

Financial mistakes happen. These may be the result of a personal crisis, a job loss, medical issues, or divorce, among others. Our loan officers provide second-chance mortgages. These help McKinney, TX area clients with a low credit score get up on their feet again and make homeownership a reality.

Apply Now

Home Loan

Residents of McKinney, TX and surrounding areas experience different personal circumstances and financial situations. Our loan officers offer a wide variety of home loans to match each client’s unique needs and preferences. We take a personal approach to the mortgage process, enabling us to find the most suitable home loan for our clients.

Apply Now


Our refinance option in McKinney, TX and surrounding areas enables local homeowners to get a new mortgage that replaces their original loan. Refinancing enables borrowers to the benefit of better interest terms and rates than they initially had. It is ideal for people who need to lower their monthly mortgage payments or who want to pay less interest over time.

Apply Now

New Construction

Homebuilders and prospective owners apply for new construction loans for newly built homes in McKinney, TX. These loans are generally short-term, with an average of one year to repay. In addition, they come at variable rates that move according to the prime rates. Because they come with a bigger risk than other types of loans, they represent only a small percentage of home loans.

Apply Now

Reverse Mortgage

A Home Equity Conversion Mortgage for Purchase, commonly known as reverse mortgage loan, is ideal for seniors in McKinney, TX and surrounding areas. With this program, homeowners who are 62 years old and older can convert part of their property’s equity into cash. It helps retirees earn from their home’s accumulated value to pay for basic living expenses and health care.

Apply Now

First Time Homebuyer

First-time home buyers in McKinney, TX and surrounding areas may think that the mortgage process is long and daunting. But, it doesn’t have to be. Our loan officers expertly assist clients who have never owned a home or who have not been an owner of a primary residence for a minimum of three years leading to the purchase.

Apply Now


Conventional loans do not have the insurance of government agencies like the FHA, the USDA, and the VA. Instead, these loans refer to fixed-rate programs that come in 15-year or 30-year options. They protect buyers from unexpected rate increases and increased monthly payments, making them one of the most common types of residential mortgages.

Apply Now


The Federal Housing Administration provides loan programs that come at low fixed rates and require only a small amount of cash up front for closing. These programs have low down payments, less stringent credit requirements, and the option of bringing in a co-signer. They are ideal for low-to-moderate income borrowers.

Apply Now


VA home loans are government-insured loans for active and former military service members as well as for select military spouses. These loans, offered by the U.S. Department of Veterans Affairs, have a $0 down payment mortgage option. Additionally, they come with low closing costs, competitive mortgage rates, and private mortgage insurance.

Apply Now


USDA home loans are government-insured loans offered by the U.S. Department of Agriculture to eligible rural homebuyers in McKinney and surrounding areas. These loans typically do not require a down payment. Additionally, they have low insurance premiums. They are particularly useful if you are interested in the acquisition of rural and farming land properties.

Apply Now

Let's Figure Out Your Needs