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BOND PETER NJOKU

Mortgage Loan Officer | NMLS #2670329

Home / Conventional Loans / Southlake TX
Conventional Loans · Southlake, Texas

Conventional Loans in Southlake, TX

I'm Bond Peter Njoku (NMLS #2670329), your Southlake mortgage loan officer. Southlake is among DFW's most prestigious markets — Carroll ISD, Town Square retail, and luxury homes priced $700,000–$2M+. The conforming loan limit is $806,500; anything above that is jumbo territory. For Southlake buyers, conventional covers the lower end of the market and VA (for veterans) is available with no loan limit. I'll match you to the right program for your target price.

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Conventional loan for Southlake TX homebuyer
Financing in Southlake

Understanding conforming vs. jumbo in Southlake's market

Southlake's price range goes well beyond conventional's $806,500 conforming limit. Here's how to think about financing options by price range:

  • Under $806,500: conventional financing available (620+ credit, 5–20% down)
  • Over $806,500: jumbo financing (typically 720+ credit, 15–20% down)
  • Veterans: VA loans have no loan limit — $0 down regardless of price
  • FHA max: $524,225 — covers very little of Southlake's market
  • Conventional PMI: best rates at 740+ credit, cancels at 78% LTV

Most Southlake buyers I work with are either targeting the $600,000–$806,500 conforming range with conventional, or are veterans leveraging VA's no-limit benefit. I'll assess your target price and recommend the right program.

Loan Options by Price — Southlake TX

Price rangeBest program
Under $524,225Conventional or FHA
$524,226–$806,500Conventional or VA (veterans)
Over $806,500Jumbo or VA (veterans)
Any price (veterans)VA — no loan limit since 2020

Tarrant County conforming limit$806,500
Min credit (conventional)620 (best: 740+)
Min credit (jumbo)720+ typically
Typical Southlake range$700,000–$2M+
Conventional at $806,500

Maximizing conventional at the conforming limit

Conventional at limit
Purchase price$806,500
Down payment (10%)$80,650
Loan amount$725,850
Upfront MIP$0
Monthly PMI (est.)~$190/mo at 740 credit
PMI removalCancels at 80% LTV
Min credit recommended740+ for best rate/PMI

Estimated figures only. 740+ credit, 10% down, 30-yr fixed. Actual rates vary.

Buying near or at the $806,500 conforming limit — the entry tier for Southlake — puts you in conventional territory with Fannie/Freddie pricing. At 740+ credit and 10–20% down, rates and PMI are very competitive. Going above $806,500 crosses into jumbo, which typically requires higher reserves and slightly different underwriting. I'll advise on the best structure for your specific purchase price.

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Common Questions

Conventional loans in Southlake TX — answered

Who offers conventional loans in Southlake TX?

I'm Bond Peter Njoku (NMLS #2670329), a licensed mortgage loan officer serving Southlake and Tarrant County. I offer conventional loans and can discuss VA and jumbo options. Call or text 469-545-7180.

What is the conventional loan limit in Southlake TX for 2026?

$806,500 for Tarrant County. Southlake homes above that require jumbo financing. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180.

Is FHA available for Southlake homes?

FHA's limit in Tarrant County is $524,225 — far below most Southlake prices. Conventional (up to $806,500) and VA (no limit for veterans) are the practical choices for Southlake buyers. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180.

Can veterans buy in Southlake with no down payment?

Yes — VA loans have had no loan limit since January 2020. Eligible veterans can buy any Southlake home with $0 down, no monthly PMI, regardless of price. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180.

Buying in Southlake? Let's find the right program.

I'm Bond Peter Njoku (NMLS #2670329), your Southlake mortgage loan officer. Whether it's conventional, VA, or jumbo — call, text, or WhatsApp me at 469-545-7180 and I'll map out your best financing path.

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Also serving nearby: Southlake · Conventional in Grapevine · Conventional in Flower Mound · Conventional in Prosper · Conventional Loans Overview · VA Loans in Southlake