Conventional Loans Abilene TX
Your Best Rate on a Conventional Loan Starts Here.
We shop multiple lenders so you don’t have to settle for a single bank’s rate.
What Is a Conventional Loan?
A conventional loan is a standard mortgage not backed by a government agency. That means fewer restrictions on property type and condition, flexible loan terms, and down payment options as low as 3% for qualifying buyers. Conventional loans are one of the most widely used mortgage programs in Texas and a strong fit for buyers with established credit who want flexibility in how they structure their purchase.
Conventional Loan Mortgage Brokers
More Lenders. Better Rates.
When you apply for a mortgage through a bank, you get that bank’s rate. There’s no competition working in your favor. Working with Linda and Chris means someone is shopping on your behalf across a network of wholesale lenders before you ever sign anything. That rate difference, even a fraction of a percent, can add up to thousands of dollars over a 30-year loan. It costs nothing extra to let us do that work for you.
Chris and Linda Love have guided buyers through every kind of market and every kind of conventional loan scenario. You won’t be talking to a call center or starting over with someone new each time you call. You’ll work directly with one of them from pre-qualification through closing.
What to Expect From a Conventional Loan
You Deserve More Than a Single Bank’s Rate.
Down Payment Starting at 3%
Qualifying buyers can purchase a home with as little as 3% down, making conventional financing accessible without the restrictions that come with some government-backed programs.
Fixed Rates in 15- or 30-Year Terms
Most conventional loans are structured as fixed-rate mortgages, giving you a predictable monthly payment for the life of the loan. Choose a 15-year term to build equity faster or a 30-year term to keep payments manageable.
No Government Restrictions on Property
Unlike FHA loans, conventional programs have more flexible guidelines around property type and condition. That can make a meaningful difference when you find a home that falls outside FHA’s stricter requirements.
Credit Standards That Reward Preparation
Conventional loans are available to buyers who meet standard qualification requirements. If you’ve built a solid credit history, this program is designed to reward that and deliver better terms because of it.
Common Questions About Conventional Loans
What credit score do I need to qualify?
Most conventional loan programs require a minimum credit score in the range of 620 to 640, though stronger scores will qualify you for better rates and terms. If you’re unsure where you stand, a free pre-qualification consultation will give you a clear answer.
Can I get a conventional loan if I’ve owned a home before?
Yes. Conventional loans are available to first-time and repeat buyers alike. If you’re purchasing a second home or an investment property, conventional programs are often the right fit for those situations as well.
How is a conventional loan different from an FHA loan?
Conventional loans are not government-insured, which means qualification standards are tied to your creditworthiness rather than government guidelines. They typically require stronger credit than FHA loans but offer more flexibility on property type and can avoid certain upfront costs associated with government programs.
Do I have to put 20% down to avoid private mortgage insurance?
You can put as little as 3% down, though a down payment below 20% will typically require private mortgage insurance (PMI). PMI can be removed once you reach 20% equity in the home, which makes it a manageable short-term cost for many buyers.
What Our Clients Say
Abilene Home Buyers Trust Us With One of the Biggest Decisions of Their Lives.
Integral part of my move to Texas.
“Working with Love & Love Mortgage Inc. was a great decision. They guided me smoothly through the mortgage approval process while quickly answering any questions I had all along the way. They were an integral part of my move to Texas from out of state.”
– Bobby Baker
Reassuring from start to finish.
“Love & Love Mortgage was truly exceptional. Their communication was clear, consistent, and reassuring from start to finish. They walked me through the whole process and did not disappoint. I would not hesitate to use them again. Highly recommended, definitely a five-star experience.”
– Panya Washington
Made experience so easy.
“Linda at Love & Love Mortgage is incredible. She is personable, transparent, and works so hard for the people she serves. She is an expert in her field, and we would easily recommend her to process your loan. She made our home buying experience so easy, and found us an incredibly competitive interest rate. “
– Kent Akers
Let’s Find Out What You Qualify For.
Not sure where to start? Linda and Chris can answer your questions, walk through your options, and tell you exactly what you qualify for, in a free 30-minute conversation with no strings attached.