Good Morning!
I wanted to let you know if you weren’t already aware of it… The max Conventional loan amount in Texas has increased to $484,350.
This is good news for all of us, because Conventional loans come with lower rates and lower down payment requirements.
Keep this in mind if you are looking at homes in this price range.
Minimum down payment on most Conventional loans is 5%. …unless you are a first time home buyer, then you can do 3% down.
That’s it for today!
Have a great week!