Is homeownership in your future? Buying a home is one of the biggest financial decisions you will make. That’s why you need a trusted partner to walk you through the process. PrimeLending, a wholly owned subsidiary of PlainsCapital Bank, provides a variety of resources and tools for first-time homebuyers at PrimeLending.com. When you are ready to take the plunge, PrimeLending can help you find the perfect loan for your situation.
Conventional Loans are conforming loans for single family homes with a value up to $417,000. Conventional loans have established guidelines for credit scores, income requirements and minimum down payments which typically range from 5 to 20 percent of the total cost of the home.
FHA Loans are government home loans designed for low-to-moderate income consumers including first-time homebuyers.
VA Loans are government home loans designed specifically for homebuyers with a military service background.
Jumbo Loans are nonconventional loans for homes valued at more than $417,000 and have specific requirements for credit scores, income and down payment amounts.
Interim Construction Loans are made during the construction of custom-built home. After completion of the project, a permanent loan replaces the construction loan.