FHA vs. Conventional Loans: Which Is Right for You?
Deciding between FHA and conventional loans? Learn the key differences and find the right fit for your situation.
Choosing the right mortgage type is one of the most important decisions in your home buying journey. Two popular options are FHA and conventional loans. Let's break down the key differences.
FHA Loans
FHA loans are backed by the Federal Housing Administration and are popular with first-time homebuyers. In 2026, the maximum loan limit in Dallas County is $563,500. FHA loans typically require a lower down payment (as low as 3.5%) and are more forgiving with credit scores.
Conventional Loans
Conventional loans are not government-backed and are held by private lenders. The 2026 conforming loan limit for Dallas County is $832,750. These loans typically require a higher credit score and larger down payment but offer more flexibility.
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