Conventional Loans

In the market for a new home purchase in Austin, TX? A conventional home mortgage may be the best loan option for your next purchase. Since government loans like VA and FHA mortgages come with strict rules it is no surprise that conventional loans are the most popular loan types in Texas. It is also one of the most popular home loan options available. conventional home loans are what comes to mind when most Austin borrower’s think of home loans in Austin, TX. In short, said mortage loans meet all of the guidelines set by Fannie Mae and Freddie Mac, but are NOT insured by the federal government. Otherwise, Austin conventional home loans come with an array of options and structuring, which serve as one of the value of conventional loans over government backed mortgages. If you want to take advantage of changing mortgage interest rates over time by taking out a flexible mortgage, conventional home loans offer this option as well.

For anyone borrower’s interested in Austin conventional home loan types, the mortgage lending process is relatively easy and it’s also easy to apply for a conventional home loan. All you need to meet the requirements is a consistent work history, your credit should be in good standing because they will need to pull your credit report and a down payment of 20% is required to avoid PMI.

When you are ready to talk with a lender and if you’re looking for conventional mortgage lenders in Austin,TX, be sure to get a free good faith estimate from Lone Star Financing. As a reputable and local mortgage company that works to ensure you receive low rates, low fees and a timely closing. Let us help you with your conventional home loan in Austin, apply online or call today at (855) 868-8825.