What’s the Best Type of Mortgage for Me? (Dallas Edition)

Choosing the right mortgage in Dallas depends on your credit, your savings, and where you’re buying. North Texas has unique loan patterns because our area is heavy on FHA, Conventional, and VA buyers, especially in places like Frisco, Prosper, Little Elm, Forney, Fate, and Denton.

Dallas Snapshot

• Average Dallas County home price (2025): $432,000

• Average Collin County home price: $553,000

• FHA buyers make up 29% of Dallas first-time purchases

• VA buyers are strongest in Denton & Tarrant Counties

Best Loan Types for Dallas Buyers

Conventional Loan Best for competitive markets like Frisco, Prosper, and Plano, where sellers prefer stronger financing.

FHA Loan Great for buyers targeting areas with strong appreciation but more moderate pricing — like Mesquite, Garland, Wylie, and parts of Denton.

VA Loan Strong in cities with military population or veteran-heavy workforce — Denton, Fort Worth, Midlothian, Melissa.

USDA Loan Best in fast-growing edge towns like Princeton, Anna, Van Alstyne, Royse City, and Celina.