Unlocking the Benefits of Conventional Home Loans in Fort Worth, Texas

If you are buying real estate in Fort Worth, Texas, it’s no surprise. The city is famous for its rich history, cowboy culture, and thriving economy.

Fort Worth offers plenty for those looking to plant their roots in Texas. Housing is affordable, and the job market is booming. 

Compared to other major U.S. cities, Fort Worth housing is significantly lower than median home prices in New York or San Francisco.

Do you want to find work? Not a problem. You can easily find top-notch jobs in diverse industries, including defense, aerospace, health care, education, and manufacturing.

You’ll find several major companies in Fort Worth, like Lockheed Martin, American Airlines, and Pier 1 Imports.

If you want to finance your purchase, one of the more popular choices is a conventional loan.

Let’s find out what a conventional loan is and explore the unique features the loan provides compared to other loan products.

What is a conventional home loan?

Conventional loans are not only popular in Fort Worth but are also the most common type of home loan that borrowers apply for in America.

These loans are perfect for those with solid credit history who can pay for a substantial downpayment.

A conventional loan is a type of mortgage that the federal government doesn’t guarantee or insure.

Private lenders like banks, credit unions, and mortgage companies offer conventional loans.

You need to meet a set of guidelines to qualify for conventional loans, like credit score requirements, down payment amount, and income verification.

These loans can be used to buy primary, second, and investment properties.

If you want to know the latest conventional loan rates, contact our loan officers to learn more.

What are the two types of conventional loans?

Conventional loans have two types: conforming and non-conforming.

Conforming loans follow the guidelines set by Fannie Mae and Freddie Mac, which are government-sponsored entities that buy and guarantee mortgage loans.

Non-conforming loans, on the other hand, do not follow these guidelines and are usually offered by private lenders.

What are the key benefits of applying for a conventional loan in Fort Worth, Texas?


One of the key advantages of conventional loans is that they offer more flexibility than government-backed loans.

These loans can be used to buy a broader range of property types, like second homes and rental properties, that government-backed loans can’t provide.

You can buy properties ranging from small starter homes to huge luxury mansions with a conventional loan.

You also have the option to put down as low as 3%, which is good news, especially for those who don’t have enough to put down upfront. 

Choose from a variety of loan terms

As a borrower, you can choose from a 10, 15, 20, or the most popular 30-year loan depending on your financial goals and situation.

This variety of terms allows you to tailor your loan to fit your specific needs, which is an attractive feature for many borrowers in Fort Worth.

Offers the Ability to Avoid Paying for Mortgage Insurance

When you apply for a conventional loan, you have a choice on whether or not to pay for PMI or private mortgage insurance. All you need to do is put down at least 20%, and you can avoid paying for PMI.

Government-backed loans, on the other hand, require mortgage insurance no matter how much downpayment you pay.

The added savings from mortgage insurance avoidance can allow you to pay off your mortgage sooner.

Lower Interest Rates

Conventional loans also offer lower interest rates compared to government-backed loans.

If you have strong credit and a stable income, you can negotiate for even better rates which can lower the overall cost of borrowing. 

Send us a message for the latest home loan rates in Fort Worth. We’ll gladly provide you with the latest information.

Is a conventional loan the best choice for you?

To know if a conventional loan is the best option for you would boil down to your financial situation and future goals.

Conventional loans are a great fit if you have strong credit, a stable income, and a sizable downpayment. They also have fewer restrictions compared to VA or FHA loans.

Working with a trusted lender who can recommend and evaluate the best loan options for you is a good idea.

By carefully weighing the pros and cons of conventional loans and working with a lender with your best interests in mind, you’ll find a loan that fits your needs.

Can I get a conventional loan if I am a first-time homebuyer?

Yes, you can. The good news is there are loan programs that can make the process easier and more affordable for you.

You can buy a home with a smaller downpayment when you apply for first-time homebuyer programs in Fort Worth.

Are you looking for a trusted lender who offers conventional loans?

If you are ready to buy a home or investment property in Fort Worth, Texas, conventional loans are one of the best options you can get to finance your purchase.

Conventional loans are popular in Fort Worth since the local housing market is stable during economic downturns.

This stability makes the city attractive for those looking to move to Fort Worth or invest in real estate.

People are relocating to Fort Worth for work and are looking for housing. 

Conventional loans are at the top of these individuals' list of viable financing options.

As a trusted and experienced lender in the Fort Worth area, Reliance Financial Group is committed to helping clients find the best mortgage solution that fits their needs and achieve their financial goals.

We offer various conventional loan options with the best terms and rates.

Our team of mortgage professionals can guide you through the loan application process, answer any queries, and give you personalized support throughout the loan process. 

Contact us today to learn more. Our loan officers would gladly get you one step closer to owning your dream home in Fort Worth.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.