Austin Conventional Loan Specialist
Conventional Loans Austin TX
Best Rates. No MIP. More Flexibility.
Conventional loans are the gold standard for buyers with solid credit. Eddie Gamez helps Austin buyers lock in the lowest rates and structure their loan for long-term savings.
Why Conventional Loans Are the Smart Choice
For buyers with good credit and stable income, conventional loans offer the best combination of low rates, flexibility, and long-term savings.
No Upfront MIP
Unlike FHA loans, conventional loans have no upfront mortgage insurance premium — keeping your closing costs lower.
PMI Drops Off at 20%
Once you reach 20% equity, private mortgage insurance is automatically removed — saving you hundreds per month.
Best Rates for Strong Credit
Borrowers with 740+ credit scores get the most competitive rates available — often lower than FHA or government-backed options.
Higher Loan Limits
Conventional conforming loans go up to $806,500 in 2025. Jumbo conventional options are available for higher-priced Austin homes.
More Property Flexibility
Conventional loans work for primary homes, second homes, and investment properties — with fewer property condition restrictions than FHA.
Faster Appraisals
Conventional appraisals have fewer requirements than FHA, which means fewer delays and a smoother path to closing.
Conventional Loan Requirements
Conventional loans have stricter credit requirements than FHA, but reward strong borrowers with better rates and lower long-term costs.
- Credit score of 620+ (best rates at 740+)
- Debt-to-income ratio generally under 45–50%
- Down payment as low as 3% for first-time buyers (5% for repeat buyers)
- Stable employment and verifiable income history
- Property can be primary, secondary, or investment
Want to see your rate?
Eddie will pull your credit, review your income, and show you the exact rate and payment you qualify for — no obligation, no pressure.
See My RateHow the Conventional Loan Process Works
Eddie keeps the process simple and transparent from application to closing.
Review your credit & finances
Eddie pulls your credit and reviews your income, assets, and debts to identify the best conventional loan program for your situation.
Pre-approval in 24 hours
Get a fully underwritten pre-approval letter that makes your offer stand out in Austin's competitive market.
Close on your terms
Eddie coordinates with your agent and the title company to keep your closing on schedule — no surprises.
Conventional Loan Questions, Answered
Common questions Eddie hears from Austin buyers comparing loan options.
What's the minimum down payment for a conventional loan?
First-time buyers can put as little as 3% down with Fannie Mae's HomeReady or Freddie Mac's Home Possible programs. Repeat buyers typically need 5% minimum. Eddie will identify which program fits your situation.
How does conventional compare to FHA for my situation?
If your credit score is 680+ and you have at least 5% down, conventional is often the better long-term choice because PMI is removable and there's no upfront MIP. Eddie will run both scenarios side by side so you can see the real numbers.
Can I use a conventional loan for an investment property?
Yes. Conventional loans are one of the few loan types that allow investment property purchases. Down payment requirements are higher (typically 15–25%), and rates are slightly elevated, but it's a powerful tool for building a rental portfolio.
What is a conforming vs. jumbo conventional loan?
Conforming loans stay within FHFA loan limits (currently $806,500 in most Texas counties). Loans above that threshold are jumbo conventional loans, which have slightly different qualification requirements. Eddie handles both.
Strong Credit Deserves the Best Rate
Get Your Conventional Loan Pre-Approval
Takes minutes. No commitment. Eddie will personally review your options and lock in the best rate available for your situation.
Start My Application