Conventional Loan Programs

TDHCA, the Texas Department of Housing and Community Affairs, offers first-time home buyer assistance programs to help home buyers in Texas, including the My First Texas Home loan.

Almost every state has a down payment assistance program that can be paired with a Conventional Loan program. Funds typically come in the form of a federal grant, a local bond program, bank subsidy projects, or a funding initiative sponsored by a local group. Grants are not paid back-it is free money.

Home » Loan Programs » conventional loans conforming mortgages offer lower rates because they are originated to guidelines established by Fannie Mae or Freddie Mac, which are Government Sponsored Enterprises (GSEs).

First Time Land Buyer Grants

Conventional 97% LTV Program 3% Down Payment. Conventional loans are great but unless you have 10%-20% down they aren’t an option. Until now.. The conventional 97 loan requires a down payment of just 3%, that’s even lower than an FHA loan.

A conventional loan is a type of mortgage that is not part of a specific government program, such as Federal Housing Administration (FHA), Department of Agriculture (USDA) or the Department of Veterans’ Affairs (VA) loan programs. However, conventional loans are commonly interchangeable with "conforming loans", since they are required to conform to Fannie Mae and Freddie Mac’s.

you’ll quickly notice there are as many loan programs as there are home choices. So, how do you determine what’s best for you? Let’s take a look at two of the most popular options: conventional home.

Bad Credit Government Home Loans

Mortgage brokers carry a vast array of products, including those tired and boring old conventional loans. A bank can make a conventional loan, too, but a bank’s product line is generally limited and particular to only that bank. A mortgage broker can broker loans through any number of banks.

Conventional Loan Programs. Conforming/Non-Conforming Jumbo* Non-Conforming Jumbo up to $4,000,000* FHA/VA* Agency high-balance* Contact a home loan specialist today to see how we can best meet your needs. *These loans may be funded by another lender. Not all applicants will qualify.

What Qualifies As First Time Home Buyer As a first-time home buyer you have more loan options than just an FHA loan. Depending on your situation you may qualify for some other loan programs that offer advantages over an FHA home loans. Conventional Loan – If you have at least a 20% down payment then you should consider a conventional mortgage.

A conventional fixed-rate mortgage guarantees a fixed interest rate and payment over the life of the loan with terms ranging in average from 10 to 30 years. Is a fixed-rate mortgage right for you? U.S. Bank offers conventional loans, learn more.