Home buyers excited about purchasing a home with a conventional loan

Conventional Loans in Southlake, TX

Conventional loans are the most common type of home financing—and with good reason. They offer great flexibility, competitive rates, and multiple down payment options. At Assurance Home Loans, we help Southlake buyers choose the right conventional loan to match their financial goals.

What Is a Conventional Mortgage?

A conventional loan is a mortgage not backed by a government agency (like FHA or VA). Instead, it’s offered by private lenders and typically follows guidelines from Fannie Mae or Freddie Mac. These loans are ideal for buyers with good credit and stable income.

Why Choose a Conventional Loan?

Competitive interest rates
Can be used for primary, secondary, or investment homes
Lower overall cost with strong credit
Variety of loan terms (15, 20, or 30 years)
No upfront mortgage insurance
Option to cancel PMI once you reach 20% equity
Fixed or adjustable rate options

Is a Conventional Loan Right for You?

Conventional loans are a great fit for:

Buyers with good to excellent credit (typically 620+)
Borrowers with steady employment and verifiable income
Those making at least a 3%–20% down payment
Buyers looking to avoid long-term mortgage insurance

Our Step-by-Step Conventional Loan Process

Initial Consultation – We discuss your goals and run a pre-qualification
Loan Matching – We find the best conventional product for your situation
Application & Pre-Approval – We collect documents and issue a pre-approval
Appraisal & Underwriting – Finalize the value and verify qualifications
Closing Day – Sign, fund, and get the keys to your new home

Your Southlake Mortgage Experts

Access to a wide range of conventional loan products
Fast, accurate pre-approvals
Transparent explanations of rates and terms
Help comparing fixed vs. adjustable rate options
Local insight and responsive communication

Let’s Find the Right Loan for Your Next Home

A conventional loan may be the smartest and most cost-effective way to finance your next home. Let’s explore your options together.

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Conventional Loan FAQs

What credit score do I need for a conventional loan?

Most lenders require at least a 620 score, but higher scores often mean better rates and lower PMI.

How much do I need for a down payment?

Some conventional programs allow as little as 3% down for first-time buyers. Others may require 5%–20%.

Can I remove PMI on a conventional loan?

Yes! Once you reach 20% equity, you can request to cancel private mortgage insurance.

Pursuing the Art of Home Financing

You have a CHOICE when you need mortgage financing, and it is a PRIVILEGE to be considered for the job! We hope to EARN your goodwill and begin a long-time FRIENDSHIP with you.