Conventional loans are mortgage loans that are not guaranteed or insured by the federal government. Conventional loans can be used for a home purchase or mortgage refinance, and generally are more customizable than FHA loans. Conventional loans usually require a higher down payment and higher credit score than FHA loans.
I can help you determine the best loan program for your individual situation.
Increased Loan Limits for Conventional Mortgages
General Loan Limits for 2017
The general loan limits for 2017 have increased and apply to loans delivered to Fannie Mae in 2017. This is the first time the base loan limits have increased since 2006.
|MAXIMUM ORIGINAL PRINCIPAL BALANCE FOR 2017|
|Units||All Texas Counties|