Fort Worth Home Loans
Fort Worth conventional home loans are what comes to mind when most Fort Worth borrower’s think of home loans. In short, said loans meet all of the guidelines set by Fannie Mae and Freddie Mac, but are not insured by the federal government. Otherwise, Fort Worth conventional home loans come with a staggering range of options, which serve as one of their strengths when it comes to competing with other home loans out there. For example, if you want to lock in your current interest rates with a fixed mortgage, you can do that with conventional home loans. In contrast, if you want to take advantage of changing interest rates over time by taking out a flexible mortgage, you can do that as well with conventional home loans.
- 20% Down Payment
- Up to $417,000 Loan Value
- Lower Mortgage Insurance
- 2nd Homes & Investment Properties
- Lower Rates & Better Terms
- Not Guaranteed by the Government
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About Fort Worth Conventional Home Loans
Since conventional home loans are riskier, lenders tend to set higher credit and income requirements, making it that much harder for would-be homeowners to secure the funding needed to finance their home purchases. That said, these stringent requirements for taking out conventional home loans are also coupled with fewer restrictions on how borrowers can use them, which makes them versatile as well as powerful tools when it comes to purchasing real estate properties.
With that said, if a would-be homeowner in Fort Worth fails to secure a loan from conventional mortgage lenders in Fort Worth, TX, not all hope is lost because there are ways to increase their chances of success on subsequent applications. For example, said individuals can choose to purchase mortgage insurance from private insurers, which serve much the same purpose as being backed by the federal government. Call our Fort Worth mortgage loans experts today for a free consultation on which Texas home loan type is right for you.