Q: How much do I need for a down payment on a luxury home in DFW?

A: Typically 20% or more, but jumbo loans may require 25–30%, depending on your credit profile.

Q: What is a jumbo loan, and why does it matter for high-end homes?

A: A jumbo loan is for properties priced above the conforming loan limit, which often applies to luxury homes in Dallas and Fort Worth. These loans have stricter requirements but enable financing on million-dollar properties.

Q: How long does loan approval take?

A: On average, 30-45 days. Working with an experienced lender and having documents ready can speed things up.

Q: Should I get pre-qualified or pre-approved first?

A: Pre-qualification is a good first step, but pre-approval is essential before making serious offers—especially in the fast-paced DFW market.

Q: Can I use financing for a second home or investment property?

A: Yes! Many financing options exist for second homes, vacation properties, and luxury rentals.

Q: What if my credit score is less than perfect?

A: There are loan programs available for various credit situations. Let’s explore your options together.