Home Loan Programs For Texas Homebuyers
Find the Right Home Loan for Your Goals
Whether you're buying your first home, moving up, refinancing, or using your VA benefits, The Stump Team helps Texas homebuyers compare FHA, VA, USDA, conventional, and other mortgage options to find the right fit for their goals.
Not sure where to start? Tell us about your goals and we'll help you explore your options.
Ready to move forward? Complete your secure Cardinal Financial mortgage application.
The Truth About Mortgages
Not Every Mortgage Is the Same
There isn't one home loan that's right for everyone. The right mortgage depends on your goals, financial situation, the property you're buying, and your long-term plans.
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Your down payment — How much you plan to put down can influence which mortgage programs may be available.
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Your credit profile — Different loan programs have different credit and qualification requirements.
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Military eligibility — Eligible Veterans, active-duty service members, and qualifying surviving spouses may have access to VA home loan benefits.
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The property — Property type, location, occupancy, and other factors can affect program eligibility.
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Your financial goals — Monthly payment, upfront costs, mortgage insurance, and long-term plans can all influence which option makes sense.
That's where The Stump Team comes in. We'll help you compare available mortgage programs, understand the differences, and determine which options may fit your goals.
See Where You Fit
Which Loan Might Be Right for You?
Different homebuyers may benefit from different loan programs. The Stump Team helps Texas borrowers compare mortgage options based on their goals, eligibility, property, and financial situation.
First-Time Homebuyers
Explore FHA, conventional, down payment assistance, and other mortgage options that may fit your budget and homebuying goals.
Military Families & Veterans
Eligible Veterans, active-duty service members, and qualifying surviving spouses may benefit from VA home loan options with flexible features and potential low or no down payment requirements.
Buyers With Limited Down Payment
FHA, VA, USDA, conventional, and assistance programs may offer options for qualified buyers with lower upfront cash needs.
Rural & Suburban Buyers
USDA home loans may offer financing options for eligible buyers purchasing qualifying properties in designated areas.
Repeat & Move-Up Buyers
Conventional, jumbo, and other mortgage options may help buyers financing their next home based on their goals, equity, and overall financial profile.
Homeowners Looking to Refinance
Refinancing may help homeowners explore changes to their rate, term, monthly payment, or access to equity depending on their goals and eligibility.
Compare Your Options
Home Loan Program Comparison
Each mortgage program has different eligibility requirements, costs, and benefits. Use this comparison as a starting point, then let The Stump Team help you understand which options may fit your goals.
Swipe left to compare loan programs →
| Loan Type | May Be a Good Fit For | Down Payment | Mortgage Insurance | Key Features |
|---|---|---|---|---|
| FHA | Buyers seeking flexible credit and down payment options. | Low down payment options may be available. | FHA mortgage insurance generally applies. | Flexible guidelines and may pair with eligible down payment assistance programs. |
| Conventional | Buyers with established credit who want flexible financing choices. | Several down payment options may be available. | Private mortgage insurance may apply with a lower down payment. | Flexible terms, property options, and mortgage insurance that may later be removable when requirements are met. |
| VA | Eligible Veterans, active-duty service members, and qualifying surviving spouses. | A no-down-payment option may be available for eligible borrowers. | No monthly private mortgage insurance. | Military home loan benefits, flexible guidelines, and a funding fee that may apply. |
| USDA | Qualified buyers purchasing an eligible primary residence in an approved rural or suburban area. | A no-down-payment option may be available for eligible borrowers. | USDA guarantee and annual fees generally apply. | Property-location and household-income eligibility requirements apply. |
Important: This comparison is for general educational purposes only. Program availability, eligibility, down payment requirements, mortgage insurance, fees, and loan terms may vary based on borrower qualifications, property details, and current guidelines.
Not sure where to start? Tell us about your goals and we'll help you explore your options.
Ready to move forward? Complete your secure Cardinal Financial mortgage application.
BUILD FROM THE GROUND UP
One-Time Close Construction Financing
Building a home comes with a lot of moving pieces. Your financing doesn't have to feel like one of them.
A One-Time Close construction loan combines construction financing and permanent financing into one coordinated mortgage process, helping simplify the path from plans to a completed home.
Plan Your Project
Land, builder, construction plans, budget, and other project details are reviewed as part of the financing process.
Build Your Home
Construction funds are released in stages as work is completed and applicable requirements are verified.
Transition to Permanent Financing
Once construction is complete and final requirements are satisfied, the construction phase transitions into the permanent phase of the mortgage.
One coordinated financing process—from plans to home.
Keep Learning
Helpful Mortgage Resources
Explore helpful resources from The Stump Team covering down payment assistance, first-time homebuying, mortgage calculations, and more.
Down Payment Assistance
Explore programs that may help eligible Texas homebuyers with down payment and closing costs.
First-Time Homebuyers
Learn what to expect when buying your first home, from preparing your finances through closing.
Mortgage Tools
Use mortgage calculators to estimate monthly payments, home affordability, and VA loan scenarios.
Meet The Team
Get to know the people behind The Stump Team and how we help homebuyers across San Antonio and Texas.
Buying in San Antonio or the surrounding area? Explore local considerations including housing costs, property taxes, escrow, insurance, financing options, and helpful property research resources in our San Antonio Homebuyer Guide →
Run the Numbers
Mortgage Tools
Use our mortgage calculators to explore estimated monthly payments, home affordability, and VA loan scenarios as you compare your home financing options.
Estimates are for educational purposes only and are not a commitment to lend.
Good Questions
Frequently Asked Questions
Here are answers to the questions we hear most from Texas homebuyers.
How do I know which loan program is right for me?
The right home loan depends on several factors, including your down payment, credit profile, military eligibility, property type, financial situation, and long-term goals.
The Stump Team can help you compare available mortgage programs, understand the differences in upfront and ongoing costs, and determine which options may fit your goals.
What's the difference between FHA and conventional loans?
FHA and conventional loans have different eligibility requirements, down payment options, and mortgage insurance rules.
FHA loans may offer more flexible credit and down payment requirements, while conventional loans can provide different financing options and may allow private mortgage insurance to be removed when applicable requirements are met.
Neither is automatically "better." The right option depends on your financial profile, property, budget, and homebuying goals.
Am I eligible for a VA home loan?
VA home loans are available to eligible Veterans, active-duty service members, and certain qualifying surviving spouses who meet applicable service requirements.
Eligibility is generally documented through a Certificate of Eligibility (COE), but having a COE is only one part of qualifying for a VA mortgage.
If you've served in the military, The Stump Team can help you explore your VA home loan options and understand the next steps.
How much money do I need to buy a home?
The amount of money you'll need depends on your loan program, property, closing costs, and financial situation.
Some programs may offer low down payment options, while eligible VA and USDA borrowers may have no-down-payment options. Down payment assistance may also be available to qualified homebuyers to help with eligible upfront costs.
We'll help you understand the estimated costs associated with the options you're considering.
Can I compare more than one loan program?
Yes. Some homebuyers may qualify for more than one mortgage program, which is why comparing your options can be valuable.
Different programs can have different monthly payments, upfront costs, mortgage insurance, eligibility requirements, and long-term considerations.
The Stump Team can help you compare available options side by side so you can make an informed decision based on your goals.
Can I switch loan programs later in the mortgage process?
It may be possible to change loan programs during the mortgage process, depending on your circumstances and where you are in the process.
A change in your financial situation, property, eligibility, or goals could make another program worth considering. Switching programs may also affect documentation, costs, timing, or other loan requirements.
If your situation changes, we'll review the available options with you and explain what a change could mean before you decide how to proceed.
Do I need a 20% down payment to buy a home?
No. A 20% down payment is not required for every home loan.
Different mortgage programs have different down payment requirements, and some offer low or no down payment options for eligible borrowers. The amount that makes sense for you can depend on your loan program, financial situation, monthly payment goals, and available funds.
The Stump Team can help you compare your options and understand how different down payment amounts may affect your home financing.
Let's Find the Right Home Loan for You
You don't have to figure out your mortgage options on your own. The Stump Team can help you compare available programs, understand the differences, and choose a path that fits your goals.
Not sure where to start? Tell us about your goals and we'll help you explore your options.
Ready to move forward? Complete your secure Cardinal Financial mortgage application.
