1. Conventional Loans

Ideal for buyers with strong credit and stable income. These are not backed by the government and typically require a 10-20% down payment. Jumbo loans—often used for high-end homes—fall into this category.

2. FHA Loans

Insured by the Federal Housing Administration, these loans are great for first-time buyers and those with lower credit scores. However, they do have loan limits and may not suit most luxury home purchases in DFW.

3. VA Loans

Available to veterans, active-duty service members, and certain military spouses. VA loans require no down payment and no private mortgage insurance (PMI), offering substantial savings.

4. USDA Loans

Designed for rural properties and buyers with moderate income. Not typically used in luxury real estate markets, but may apply to high-end rural estates around the outskirts of DFW.

5. Jumbo Loans

For properties exceeding conforming loan limits (over $766,550 in 2024 for most areas). These loans cater to luxury buyers and require excellent credit, large down payments, and robust income documentation.

6. Adjustable-Rate Mortgages (ARM)

With interest rates that adjust after an initial fixed period, ARMs can benefit buyers who plan to refinance or move within a few years. Popular among investors and short-term luxury homeowners.

7. Interest-Only Loans

Pay interest only for a set period before principal payments begin. These loans can offer cash flow flexibility—ideal for high-income earners with fluctuating incomes.

Let’s find the best financing option for your luxury lifestyle in Dallas-Fort Worth. 

Reach out today for a personal consultation.