Loan Options

Conventional Mortgage Loans in Frisco & DFW

Traditional mortgage financing with competitive rates, flexible terms, and the option to remove mortgage insurance at 20% equity — a popular choice for DFW move-up buyers and those with strong credit.

See If You Qualify

What is a Conventional Loan?

A conventional loan is a mortgage that is not insured or guaranteed by a government agency like the FHA or VA. Instead, these loans follow guidelines set by Fannie Mae and Freddie Mac, government-sponsored enterprises that purchase mortgages from lenders.

Conventional loans are popular among borrowers with good credit and stable income because they often offer competitive rates and more flexibility in terms and property types. They're available for primary residences, second homes, and investment properties.

Benefits of Conventional Loans

Down payments as low as 3%
No upfront mortgage insurance
PMI can be canceled at 20% equity
Higher loan limits than FHA
Flexible property types (primary, second home, investment)
Variety of term options (15, 20, 30 years)

FHA vs. Conventional: A Quick Comparison

Feature
FHA
Conventional
Down Payment
3.5% minimum
3% minimum
Credit Score
580+ (3.5% down)
620+ typical
Mortgage Insurance
Required for loan life (most cases)
Removable at 20% equity
Property Types
Primary residence only
Primary, second, investment
Loan Limits
County-based limits
Higher conforming limits

Important Information

Loan guidelines, rates, and requirements vary based on lender, market conditions, and your individual financial situation. Contact an AXS Mortgage loan officer for current information and personalized guidance.

Frequently Asked Questions

Conventional Loan Quick Facts

Min. Down Payment3%
Credit Score620+
Property TypeAny
PMI RemovalAt 20% equity

Ready to Apply?

Talk to an AXS Mortgage expert to see if a conventional loan is right for you.

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