I'm Bond Peter Njoku (NMLS #2670329), your Richardson conventional loan officer. Richardson sits on the Dallas-Collin County border — home to the Telecom Corridor, UT Dallas, and a tech-educated workforce with strong credit profiles. Conventional financing is the natural fit for most Richardson buyers with 680+ credit and a $300,000–$500,000 target price.
Richardson's Telecom Corridor — home to AT&T, Ericsson, Fujitsu, and dozens of tech firms — produces a buyer profile that fits conventional financing well: stable W-2 income, 700+ credit, and a $300,000–$500,000 target. Conventional delivers lower PMI at these credit scores, no upfront MIP, and a path to zero mortgage insurance once you hit 80% LTV.
Richardson straddles Dallas and Collin counties, but the conforming loan limit is identical in both ($806,500), so the county boundary doesn't affect conventional loan options. It matters for TSAHC income limits — but for conventional, you're comparing just rate and PMI, which I'll run side-by-side with FHA.
| Minimum credit score | 620 (best pricing: 680+) |
|---|---|
| Down payment | 3% – 20%+ |
| Upfront MIP | None |
| PMI (if <20% down) | Yes — cancels at 78% LTV |
| Income limits | None |
| 2026 loan limit | $806,500 (Dallas & Collin Co.) |
| Typical Richardson range | $300,000–$500,000 |
| Conventional | FHA | |
|---|---|---|
| Purchase price | $380,000 | $380,000 |
| Down payment (5%) | $19,000 | $19,000 |
| Upfront fee | $0 | $6,283 (1.75%, rolled in) |
| Monthly MI | ~$100/mo (PMI) | ~$260/mo (MIP) |
| MI removal | Cancels at 80% LTV | Stays for life if <10% down |
| 5-year MI total | ~$6,000 | ~$21,883 (incl. upfront) |
Estimates based on 720 credit, 5% down, 30-yr fixed. Actual rates and MI vary.
At 720 credit — a common profile for Richardson's tech workforce — the conventional buyer saves $160/month in mortgage insurance on this scenario, and PMI eventually cancels. The gap widens at higher credit scores. I'll run your exact numbers so you see the real monthly and 5-year difference.
I'm Bond Peter Njoku (NMLS #2670329), a licensed mortgage loan officer serving Richardson and the Dallas-Collin County area. I offer conventional, FHA, VA, and USDA loans. Call or text 469-545-7180.
$806,500 for both Dallas and Collin counties — Richardson straddles both, but the conforming limit is identical. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180.
Above 680, conventional wins on monthly cost in Richardson. The tech workforce here often has 720+ credit, where the savings are even larger. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180 and I'll run both scenarios.
No — both Dallas and Collin counties have the same $806,500 conforming limit. For conventional loans, the county doesn't change anything. For TSAHC DPA, income limits differ by county ($97,200 Dallas vs. $119,700 Collin). I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180.
I'm Bond Peter Njoku (NMLS #2670329), your Richardson conventional loan officer. Call, text, or WhatsApp me at 469-545-7180 — I'll run conventional vs. FHA for your exact credit score and have pre-approval ready fast.
Also serving nearby: Richardson · Conventional in Plano · Conventional in Dallas · Conventional in Garland · Conventional Loans Overview · FHA Loans in Richardson · VA Loans in Richardson