Texas Conventional Loan Limits plus Conventional Mortgage Requirements

What are Conventional Loans and Conforming Loans?

By definition, a Conventional Loan is any mortgage that’s not guaranteed or insured by the federal government. Texas conventional loans may be either “conforming” and “non-conforming”, although ‘conventional loans’ generally refer to ‘conforming loans’. Therefore Texas conventional loan limits are the same thing as Texas conforming loan limits.

Texas Conventional Loan Limits

What is the maximum amount that I can borrow?

Conventional loan limits in Texas are determined by:

Maximum LTV Ratio: The maximum financing loan-to-value ratio for conventional mortgages is 80% – 97% of the appraised value of the home or its selling price, whichever is lower. Learn how to calculate loan-to-value.
Maximum Loan Amount: Conventional loan limits in Texas are set at the floor amount of $424,100 across the entire state. Metro areas in TX with a conforming limit of $424,100 include Houston, Dallas, San Antonio, Austin, El Paso, Lubbock, Amarillo, Waco and Abilene.

Search all Conventional Loan Limits in Texas:

County Name	Area	1-Unit	2-Unit	3-Unit	4-Unit
ANDERSON	PALESTINE, TX	$510,400	$653,550	$789,950	$981,700
ANDREWS	ANDREWS, TX	$510,400	$653,550	$789,950	$981,700
ANGELINA	LUFKIN, TX	$510,400	$653,550	$789,950	$981,700
ARANSAS	ROCKPORT, TX	$510,400	$653,550	$789,950	$981,700
ARCHER	WICHITA FALLS, TX	$510,400	$653,550	$789,950	$981,700
ARMSTRONG	AMARILLO, TX	$510,400	$653,550	$789,950	$981,700
ATASCOSA	SAN ANTONIO-NEW BRAUNFELS, TX	$510,400	$653,550	$789,950	$981,700
AUSTIN	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
BAILEY	NON-METRO	$510,400	$653,550	$789,950	$981,700
BANDERA	SAN ANTONIO-NEW BRAUNFELS, TX	$510,400	$653,550	$789,950	$981,700
BASTROP	AUSTIN-ROUND ROCK-GEORGETOWN, TX	$510,400	$653,550	$789,950	$981,700
BAYLOR	NON-METRO	$510,400	$653,550	$789,950	$981,700
BEE	BEEVILLE, TX	$510,400	$653,550	$789,950	$981,700
BELL	KILLEEN-TEMPLE, TX	$510,400	$653,550	$789,950	$981,700
BEXAR	SAN ANTONIO-NEW BRAUNFELS, TX	$510,400	$653,550	$789,950	$981,700
BLANCO	NON-METRO	$510,400	$653,550	$789,950	$981,700
BORDEN	NON-METRO	$510,400	$653,550	$789,950	$981,700
BOSQUE	NON-METRO	$510,400	$653,550	$789,950	$981,700
BOWIE	TEXARKANA, TX-AR	$510,400	$653,550	$789,950	$981,700
BRAZORIA	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
BRAZOS	COLLEGE STATION-BRYAN, TX	$510,400	$653,550	$789,950	$981,700
BREWSTER	NON-METRO	$510,400	$653,550	$789,950	$981,700
BRISCOE	NON-METRO	$510,400	$653,550	$789,950	$981,700
BROOKS	NON-METRO	$510,400	$653,550	$789,950	$981,700
BROWN	BROWNWOOD, TX	$510,400	$653,550	$789,950	$981,700
BURLESON	COLLEGE STATION-BRYAN, TX	$510,400	$653,550	$789,950	$981,700
BURNET	NON-METRO	$510,400	$653,550	$789,950	$981,700
CALDWELL	AUSTIN-ROUND ROCK-GEORGETOWN, TX	$510,400	$653,550	$789,950	$981,700
CALHOUN	PORT LAVACA, TX	$510,400	$653,550	$789,950	$981,700
CALLAHAN	ABILENE, TX	$510,400	$653,550	$789,950	$981,700
CAMERON	BROWNSVILLE-HARLINGEN, TX	$510,400	$653,550	$789,950	$981,700
CAMP	MOUNT PLEASANT, TX	$510,400	$653,550	$789,950	$981,700
CARSON	AMARILLO, TX	$510,400	$653,550	$789,950	$981,700
CASS	NON-METRO	$510,400	$653,550	$789,950	$981,700
CASTRO	NON-METRO	$510,400	$653,550	$789,950	$981,700
CHAMBERS	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
CHEROKEE	JACKSONVILLE, TX	$510,400	$653,550	$789,950	$981,700
CHILDRESS	NON-METRO	$510,400	$653,550	$789,950	$981,700
CLAY	WICHITA FALLS, TX	$510,400	$653,550	$789,950	$981,700
COCHRAN	NON-METRO	$510,400	$653,550	$789,950	$981,700
COKE	NON-METRO	$510,400	$653,550	$789,950	$981,700
COLEMAN	NON-METRO	$510,400	$653,550	$789,950	$981,700
COLLIN	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
COLLINGSWORTH	NON-METRO	$510,400	$653,550	$789,950	$981,700
COLORADO	NON-METRO	$510,400	$653,550	$789,950	$981,700
COMAL	SAN ANTONIO-NEW BRAUNFELS, TX	$510,400	$653,550	$789,950	$981,700
COMANCHE	NON-METRO	$510,400	$653,550	$789,950	$981,700
CONCHO	NON-METRO	$510,400	$653,550	$789,950	$981,700
COOKE	GAINESVILLE, TX	$510,400	$653,550	$789,950	$981,700
CORYELL	KILLEEN-TEMPLE, TX	$510,400	$653,550	$789,950	$981,700
COTTLE	NON-METRO	$510,400	$653,550	$789,950	$981,700
CRANE	NON-METRO	$510,400	$653,550	$789,950	$981,700
CROCKETT	NON-METRO	$510,400	$653,550	$789,950	$981,700
CROSBY	LUBBOCK, TX	$510,400	$653,550	$789,950	$981,700
CULBERSON	NON-METRO	$510,400	$653,550	$789,950	$981,700
DALLAM	NON-METRO	$510,400	$653,550	$789,950	$981,700
DALLAS	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
DAWSON	LAMESA, TX	$510,400	$653,550	$789,950	$981,700
DEAF SMITH	HEREFORD, TX	$510,400	$653,550	$789,950	$981,700
DELTA	NON-METRO	$510,400	$653,550	$789,950	$981,700
DENTON	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
DEWITT	NON-METRO	$510,400	$653,550	$789,950	$981,700
DICKENS	NON-METRO	$510,400	$653,550	$789,950	$981,700
DIMMIT	NON-METRO	$510,400	$653,550	$789,950	$981,700
DONLEY	NON-METRO	$510,400	$653,550	$789,950	$981,700
DUVAL	ALICE, TX	$510,400	$653,550	$789,950	$981,700
EASTLAND	NON-METRO	$510,400	$653,550	$789,950	$981,700
ECTOR	ODESSA, TX	$510,400	$653,550	$789,950	$981,700
EDWARDS	NON-METRO	$510,400	$653,550	$789,950	$981,700
EL PASO	EL PASO, TX	$510,400	$653,550	$789,950	$981,700
ELLIS	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
ERATH	STEPHENVILLE, TX	$510,400	$653,550	$789,950	$981,700
FALLS	WACO, TX	$510,400	$653,550	$789,950	$981,700
FANNIN	BONHAM, TX	$510,400	$653,550	$789,950	$981,700
FAYETTE	NON-METRO	$510,400	$653,550	$789,950	$981,700
FISHER	NON-METRO	$510,400	$653,550	$789,950	$981,700
FLOYD	NON-METRO	$510,400	$653,550	$789,950	$981,700
FOARD	NON-METRO	$510,400	$653,550	$789,950	$981,700
FORT BEND	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
FRANKLIN	NON-METRO	$510,400	$653,550	$789,950	$981,700
FREESTONE	NON-METRO	$510,400	$653,550	$789,950	$981,700
FRIO	PEARSALL, TX	$510,400	$653,550	$789,950	$981,700
GAINES	NON-METRO	$510,400	$653,550	$789,950	$981,700
GALVESTON	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
GARZA	NON-METRO	$510,400	$653,550	$789,950	$981,700
GILLESPIE	FREDERICKSBURG, TX	$510,400	$653,550	$789,950	$981,700
GLASSCOCK	NON-METRO	$510,400	$653,550	$789,950	$981,700
GOLIAD	VICTORIA, TX	$510,400	$653,550	$789,950	$981,700
GONZALES	NON-METRO	$510,400	$653,550	$789,950	$981,700
GRAY	PAMPA, TX	$510,400	$653,550	$789,950	$981,700
GRAYSON	SHERMAN-DENISON, TX	$510,400	$653,550	$789,950	$981,700
GREGG	LONGVIEW, TX	$510,400	$653,550	$789,950	$981,700
GRIMES	NON-METRO	$510,400	$653,550	$789,950	$981,700
GUADALUPE	SAN ANTONIO-NEW BRAUNFELS, TX	$510,400	$653,550	$789,950	$981,700
HALE	PLAINVIEW, TX	$510,400	$653,550	$789,950	$981,700
HALL	NON-METRO	$510,400	$653,550	$789,950	$981,700
HAMILTON	NON-METRO	$510,400	$653,550	$789,950	$981,700
HANSFORD	NON-METRO	$510,400	$653,550	$789,950	$981,700
HARDEMAN	NON-METRO	$510,400	$653,550	$789,950	$981,700
HARDIN	BEAUMONT-PORT ARTHUR, TX	$510,400	$653,550	$789,950	$981,700
HARRIS	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
HARRISON	LONGVIEW, TX	$510,400	$653,550	$789,950	$981,700
HARTLEY	NON-METRO	$510,400	$653,550	$789,950	$981,700
HASKELL	NON-METRO	$510,400	$653,550	$789,950	$981,700
HAYS	AUSTIN-ROUND ROCK-GEORGETOWN, TX	$510,400	$653,550	$789,950	$981,700
HEMPHILL	NON-METRO	$510,400	$653,550	$789,950	$981,700
HENDERSON	ATHENS, TX	$510,400	$653,550	$789,950	$981,700
HIDALGO	MCALLEN-EDINBURG-MISSION, TX	$510,400	$653,550	$789,950	$981,700
HILL	NON-METRO	$510,400	$653,550	$789,950	$981,700
HOCKLEY	LEVELLAND, TX	$510,400	$653,550	$789,950	$981,700
HOOD	GRANBURY, TX	$510,400	$653,550	$789,950	$981,700
HOPKINS	SULPHUR SPRINGS, TX	$510,400	$653,550	$789,950	$981,700
HOUSTON	NON-METRO	$510,400	$653,550	$789,950	$981,700
HOWARD	BIG SPRING, TX	$510,400	$653,550	$789,950	$981,700
HUDSPETH	EL PASO, TX	$510,400	$653,550	$789,950	$981,700
HUNT	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
HUTCHINSON	BORGER, TX	$510,400	$653,550	$789,950	$981,700
IRION	SAN ANGELO, TX	$510,400	$653,550	$789,950	$981,700
JACK	NON-METRO	$510,400	$653,550	$789,950	$981,700
JACKSON	NON-METRO	$510,400	$653,550	$789,950	$981,700
JASPER	NON-METRO	$510,400	$653,550	$789,950	$981,700
JEFF DAVIS	NON-METRO	$510,400	$653,550	$789,950	$981,700
JEFFERSON	BEAUMONT-PORT ARTHUR, TX	$510,400	$653,550	$789,950	$981,700
JIM HOGG	NON-METRO	$510,400	$653,550	$789,950	$981,700
JIM WELLS	ALICE, TX	$510,400	$653,550	$789,950	$981,700
JOHNSON	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
JONES	ABILENE, TX	$510,400	$653,550	$789,950	$981,700
KARNES	NON-METRO	$510,400	$653,550	$789,950	$981,700
KAUFMAN	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
KENDALL	SAN ANTONIO-NEW BRAUNFELS, TX	$510,400	$653,550	$789,950	$981,700
KENEDY	KINGSVILLE, TX	$510,400	$653,550	$789,950	$981,700
KENT	NON-METRO	$510,400	$653,550	$789,950	$981,700
KERR	KERRVILLE, TX	$510,400	$653,550	$789,950	$981,700
KIMBLE	NON-METRO	$510,400	$653,550	$789,950	$981,700
KING	NON-METRO	$510,400	$653,550	$789,950	$981,700
KINNEY	NON-METRO	$510,400	$653,550	$789,950	$981,700
KLEBERG	KINGSVILLE, TX	$510,400	$653,550	$789,950	$981,700
KNOX	NON-METRO	$510,400	$653,550	$789,950	$981,700
LA SALLE	NON-METRO	$510,400	$653,550	$789,950	$981,700
LAMAR	PARIS, TX	$510,400	$653,550	$789,950	$981,700
LAMB	NON-METRO	$510,400	$653,550	$789,950	$981,700
LAMPASAS	KILLEEN-TEMPLE, TX	$510,400	$653,550	$789,950	$981,700
LAVACA	NON-METRO	$510,400	$653,550	$789,950	$981,700
LEE	NON-METRO	$510,400	$653,550	$789,950	$981,700
LEON	NON-METRO	$510,400	$653,550	$789,950	$981,700
LIBERTY	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
LIMESTONE	NON-METRO	$510,400	$653,550	$789,950	$981,700
LIPSCOMB	NON-METRO	$510,400	$653,550	$789,950	$981,700
LIVE OAK	NON-METRO	$510,400	$653,550	$789,950	$981,700
LLANO	NON-METRO	$510,400	$653,550	$789,950	$981,700
LOVING	PECOS, TX	$510,400	$653,550	$789,950	$981,700
LUBBOCK	LUBBOCK, TX	$510,400	$653,550	$789,950	$981,700
LYNN	LUBBOCK, TX	$510,400	$653,550	$789,950	$981,700
MADISON	NON-METRO	$510,400	$653,550	$789,950	$981,700
MARION	NON-METRO	$510,400	$653,550	$789,950	$981,700
MARTIN	MIDLAND, TX	$510,400	$653,550	$789,950	$981,700
MASON	NON-METRO	$510,400	$653,550	$789,950	$981,700
MATAGORDA	BAY CITY, TX	$510,400	$653,550	$789,950	$981,700
MAVERICK	EAGLE PASS, TX	$510,400	$653,550	$789,950	$981,700
MCCULLOCH	NON-METRO	$510,400	$653,550	$789,950	$981,700
MCLENNAN	WACO, TX	$510,400	$653,550	$789,950	$981,700
MCMULLEN	NON-METRO	$510,400	$653,550	$789,950	$981,700
MEDINA	SAN ANTONIO-NEW BRAUNFELS, TX	$510,400	$653,550	$789,950	$981,700
MENARD	NON-METRO	$510,400	$653,550	$789,950	$981,700
MIDLAND	MIDLAND, TX	$510,400	$653,550	$789,950	$981,700
MILAM	NON-METRO	$510,400	$653,550	$789,950	$981,700
MILLS	NON-METRO	$510,400	$653,550	$789,950	$981,700
MITCHELL	NON-METRO	$510,400	$653,550	$789,950	$981,700
MONTAGUE	NON-METRO	$510,400	$653,550	$789,950	$981,700
MONTGOMERY	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
MOORE	DUMAS, TX	$510,400	$653,550	$789,950	$981,700
MORRIS	NON-METRO	$510,400	$653,550	$789,950	$981,700
MOTLEY	NON-METRO	$510,400	$653,550	$789,950	$981,700
NACOGDOCHES	NACOGDOCHES, TX	$510,400	$653,550	$789,950	$981,700
NAVARRO	CORSICANA, TX	$510,400	$653,550	$789,950	$981,700
NEWTON	NON-METRO	$510,400	$653,550	$789,950	$981,700
NOLAN	SWEETWATER, TX	$510,400	$653,550	$789,950	$981,700
NUECES	CORPUS CHRISTI, TX	$510,400	$653,550	$789,950	$981,700
OCHILTREE	NON-METRO	$510,400	$653,550	$789,950	$981,700
OLDHAM	AMARILLO, TX	$510,400	$653,550	$789,950	$981,700
ORANGE	BEAUMONT-PORT ARTHUR, TX	$510,400	$653,550	$789,950	$981,700
PALO PINTO	MINERAL WELLS, TX	$510,400	$653,550	$789,950	$981,700
PANOLA	NON-METRO	$510,400	$653,550	$789,950	$981,700
PARKER	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
PARMER	NON-METRO	$510,400	$653,550	$789,950	$981,700
PECOS	NON-METRO	$510,400	$653,550	$789,950	$981,700
POLK	NON-METRO	$510,400	$653,550	$789,950	$981,700
POTTER	AMARILLO, TX	$510,400	$653,550	$789,950	$981,700
PRESIDIO	NON-METRO	$510,400	$653,550	$789,950	$981,700
RAINS	NON-METRO	$510,400	$653,550	$789,950	$981,700
RANDALL	AMARILLO, TX	$510,400	$653,550	$789,950	$981,700
REAGAN	NON-METRO	$510,400	$653,550	$789,950	$981,700
REAL	NON-METRO	$510,400	$653,550	$789,950	$981,700
RED RIVER	NON-METRO	$510,400	$653,550	$789,950	$981,700
REEVES	PECOS, TX	$510,400	$653,550	$789,950	$981,700
REFUGIO	NON-METRO	$510,400	$653,550	$789,950	$981,700
ROBERTS	PAMPA, TX	$510,400	$653,550	$789,950	$981,700
ROBERTSON	COLLEGE STATION-BRYAN, TX	$510,400	$653,550	$789,950	$981,700
ROCKWALL	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
RUNNELS	NON-METRO	$510,400	$653,550	$789,950	$981,700
RUSK	LONGVIEW, TX	$510,400	$653,550	$789,950	$981,700
SABINE	NON-METRO	$510,400	$653,550	$789,950	$981,700
SAN AUGUSTINE	NON-METRO	$510,400	$653,550	$789,950	$981,700
SAN JACINTO	NON-METRO	$510,400	$653,550	$789,950	$981,700
SAN PATRICIO	CORPUS CHRISTI, TX	$510,400	$653,550	$789,950	$981,700
SAN SABA	NON-METRO	$510,400	$653,550	$789,950	$981,700
SCHLEICHER	NON-METRO	$510,400	$653,550	$789,950	$981,700
SCURRY	SNYDER, TX	$510,400	$653,550	$789,950	$981,700
SHACKELFORD	NON-METRO	$510,400	$653,550	$789,950	$981,700
SHELBY	NON-METRO	$510,400	$653,550	$789,950	$981,700
SHERMAN	NON-METRO	$510,400	$653,550	$789,950	$981,700
SMITH	TYLER, TX	$510,400	$653,550	$789,950	$981,700
SOMERVELL	NON-METRO	$510,400	$653,550	$789,950	$981,700
STARR	RIO GRANDE CITY-ROMA, TX	$510,400	$653,550	$789,950	$981,700
STEPHENS	NON-METRO	$510,400	$653,550	$789,950	$981,700
STERLING	SAN ANGELO, TX	$510,400	$653,550	$789,950	$981,700
STONEWALL	NON-METRO	$510,400	$653,550	$789,950	$981,700
SUTTON	NON-METRO	$510,400	$653,550	$789,950	$981,700
SWISHER	NON-METRO	$510,400	$653,550	$789,950	$981,700
TARRANT	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
TAYLOR	ABILENE, TX	$510,400	$653,550	$789,950	$981,700
TERRELL	NON-METRO	$510,400	$653,550	$789,950	$981,700
TERRY	NON-METRO	$510,400	$653,550	$789,950	$981,700
THROCKMORTON	NON-METRO	$510,400	$653,550	$789,950	$981,700
TITUS	MOUNT PLEASANT, TX	$510,400	$653,550	$789,950	$981,700
TOM GREEN	SAN ANGELO, TX	$510,400	$653,550	$789,950	$981,700
TRAVIS	AUSTIN-ROUND ROCK-GEORGETOWN, TX	$510,400	$653,550	$789,950	$981,700
TRINITY	NON-METRO	$510,400	$653,550	$789,950	$981,700
TYLER	NON-METRO	$510,400	$653,550	$789,950	$981,700
UPSHUR	LONGVIEW, TX	$510,400	$653,550	$789,950	$981,700
UPTON	NON-METRO	$510,400	$653,550	$789,950	$981,700
UVALDE	UVALDE, TX	$510,400	$653,550	$789,950	$981,700
VAL VERDE	DEL RIO, TX	$510,400	$653,550	$789,950	$981,700
VAN ZANDT	NON-METRO	$510,400	$653,550	$789,950	$981,700
VICTORIA	VICTORIA, TX	$510,400	$653,550	$789,950	$981,700
WALKER	HUNTSVILLE, TX	$510,400	$653,550	$789,950	$981,700
WALLER	HOUSTON-THE WOODLANDS-SUGAR LAND, TX	$510,400	$653,550	$789,950	$981,700
WARD	NON-METRO	$510,400	$653,550	$789,950	$981,700
WASHINGTON	BRENHAM, TX	$510,400	$653,550	$789,950	$981,700
WEBB	LAREDO, TX	$510,400	$653,550	$789,950	$981,700
WHARTON	EL CAMPO, TX	$510,400	$653,550	$789,950	$981,700
WHEELER	NON-METRO	$510,400	$653,550	$789,950	$981,700
WICHITA	WICHITA FALLS, TX	$510,400	$653,550	$789,950	$981,700
WILBARGER	VERNON, TX	$510,400	$653,550	$789,950	$981,700
WILLACY	RAYMONDVILLE, TX	$510,400	$653,550	$789,950	$981,700
WILLIAMSON	AUSTIN-ROUND ROCK-GEORGETOWN, TX	$510,400	$653,550	$789,950	$981,700
WILSON	SAN ANTONIO-NEW BRAUNFELS, TX	$510,400	$653,550	$789,950	$981,700
WINKLER	NON-METRO	$510,400	$653,550	$789,950	$981,700
WISE	DALLAS-FORT WORTH-ARLINGTON, TX	$510,400	$653,550	$789,950	$981,700
WOOD	NON-METRO	$510,400	$653,550	$789,950	$981,700
YOAKUM	NON-METRO	$510,400	$653,550	$789,950	$981,700
YOUNG	NON-METRO	$510,400	$653,550	$789,950	$981,700
ZAPATA	ZAPATA, TX	$510,400	$653,550	$789,950	$981,700
ZAVALA	NON-METRO	$510,400	$653,550	$789,950	$981,700

Texas conforming limits can change anytime. Check back often to ensure accuracy.

What factors determine if i’m eligible for a Conventional Loan in Texas?

Conventional conforming loans follow the terms and conditions set forth by government sponsored enterprises (GSE’s) like Fannie Mae or Freddie Mac. To be eligible for a Conforming Loan in Texas, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income. Your credit background will be considered. A FICO credit score of 620 or above is generally required to obtain a conventional loan approval. You must also have enough income to pay your housing costs plus all additional monthly debt.

How much money will I need for the down payment and closing costs?

Conventional home loans require the home buyer to invest between 3% and 20% of the sales price towards the down payment and closing costs. If the sales price is $100,000 for example, the mortgage applicant must invest at least $3,000 – $20,000 to meet conventional mortgage down payment requirements, depending on the program.

Minimum Texas Conventional Loan Down Payment:

Residence Usage	Fixed-Rate Mortgage (FRM)	Adjustable-Rate Mortgage (ARM)
1 Unit Primary	3% Down Payment	10% Down Payment
2 Units Primary	15% Down Payment	25% Down Payment
3 Units Primary	25% Down Payment	35% Down Payment
4 Units Primary	25% Down Payment	35% Down Payment

1 Unit Second Home	10% Down Payment	20% Down Payment

1 Unit Investment	15% Down Payment	25% Down Payment
2 Units Investment	25% Down Payment	35% Down Payment
3 Units Investment	25% Down Payment	35% Down Payment
4 Units Investment	25% Down Payment	35% Down Payment

What property types are allowed for Conventional Conforming Mortgages?

Conventional loan requirements allow you to purchase warrantable condos, planned unit developments, modular homes, manufactured homes, and 1-4 family residences. Conventional loans can be used to finance primary residences, second homes and investment property.

Learn more about conventional mortgages.

What types of mortgage and refinance programs do Conventional Loans offer in Texas?

There are several varieties of standard home purchase, first-time home buyer and conventional refinance loans available in Texas:

Conventional Purchase Loans – Conventional loans offer a variety of programs for applicants with good credit ratings to buy a home. Both 3% down mortgage and 5% down mortgage options are available, however 20% down is the minimum amount required to avoid private mortgage insurance.
Conventional Rate/Term Refinance: Conventional Rate/Term refinancing loans are for borrowers who currently have an FHA, VA, USDA or conventional fixed rate mortgage or ARM loan and wish to refinance into a conventional mortgage with a lower interest rate. If you’re a homeowners considering a stable, conventional fixed-rate mortgage, this program may also eliminate your mortgage insurance if you have at 20% equity in your home. If not, Conventional 97% loan programs may also work for you.
Cash-Out Refinance: A Conventional Cash Out Refinance is perfect for the homeowner who wants to access the equity that they have built up in their home. This program is beneficial to homeowners whose property has increased in value since it was purchased.

What factors determine if I am eligible for a Conventional Refinance Loan?

To meet conventional refinance mortgage requirements in Texas, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income. In addition, your credit background will be considered. Finally, you must be able to cover closing costs and have enough income to pay your monthly debt.

Conventional Loan Requirements

More Texas Mortgage Limits

You may also want to visit these additional home loan resources before deciding on a mortgage program:

Texas Conventional Loans | TX Conforming Loan Limits

What are Conventional Loans and Conforming Loans?