Traditional conventional financing following standard Fannie Mae / Freddie Mac guidelines.
Conventional loans follow Fannie Mae and Freddie Mac guidelines, which makes them the most widely available financing in the country.
They offer fixed and adjustable options and work for nearly every property type and occupancy.
We price your loan across multiple lenders so the same guidelines come with the best terms available to you.
Fannie Mae and Freddie Mac buy conventional loans up to a limit the Federal Housing Finance Agency sets for each county. For a one-unit home in Collin County, the 2026 conforming limit is $832,750. A larger loan is a jumbo loan, with its own guidelines.
For context, the median value of owner-occupied homes in McKinney is $471,800, according to the Census Bureau's 2020–2024 American Community Survey.
A conventional loan can finance a primary home, a second home or an investment property.
Every borrower’s situation is different, so the right next step is a conversation about your income, savings and timeline.
Sources: U.S. Census Bureau, American Community Survey 2020–2024; HUD 2026 FHA limits; FHFA 2026 conforming limits. Loan limits are for Collin County, where most of McKinney’s residents live.
For 2026 it is $832,750 for a one-unit home in Collin County, set by the Federal Housing Finance Agency. It changes each January.
Yes. Private mortgage insurance on a conventional loan can be removed once you build enough equity, under the lender's and investor's rules.
It depends on your credit, savings and plans. We price both side by side so you can see which costs less over the time you expect to keep the loan.
Send a few details about what you’re planning and we’ll follow up. There is no obligation.
David Young, NMLS #62043. Lendwise Mortgage, NMLS #2702455. NMLS Consumer Access.
Lendwise Mortgage, Inc., NMLS #2702455, Texas License #2702455, lendwisemtg.com. David Young, NMLS #62043. The Texas SML consumer complaint notice is on our Licensing page (younggroupmtg.com/licensing).
This is not a commitment to lend. All loans are subject to credit approval, underwriting and property eligibility. Equal Housing Opportunity.