Texas Farm Credit’s Conventional Loan Program
Many prospective homeowners are great candidates for our Conventional Loan Program. It’s one of our most common mortgage product offerings because it meets mortgage applicants’ needs without the more complex terms of our rural home loans for more unique residences (like barndominiums) or larger acreage.
These traditional mortgages are great if you are looking to purchase or refinance a primary residence, second home, or investment property that’s on the more traditional side of the residence variety.
Borrowers requiring a greater loan amount may qualify for our Conventional Jumbo Program, and your local lending expert can help you determine if that’s the right mortgage program for you.
Apply For A Home Mortgage Loan
Inquire about our home loans to kickstart your prequalification process with zero obligation. Contact one of our Texas Farm Credit lenders to explore mortgage or refinancing possibilities customized for your needs.
Credit Scores for Conventional Loan Program
The Conventional Program is subject to minimum credit scores, which are subject to change, but are typically in the range of 620 to 640.
Credit Scores for Conventional Jumbo Program
The Conventional Jumbo Program is subject to minimum credit scores, which may vary, but at minimum are 700 and above.
How Much is Enough for a Down Payment?
Having enough cash for a down payment to buy a house is the single biggest roadblock for most prospective home buyers.
TFC Traditional Home Loan Benefits
Get in touch with one of our lenders to discover the home loan program that fits your needs. As a member of Texas Farm Credit, you can take advantage of our borrower benefits:
- Competitive rates, with some adjustable rates
- Terms up to 30 years
- No acreage restrictions
- Retain ag exemptions
- Both Conventional Program and Conventional Jumbo Program
- Offered for homes in both the country and the city
- Financing for barndominiums and manufactured homes