FHFA announced the new conforming loan amount for Texas as 726,200 for one unit properties. This means Fannie/Freddie will insure loans up to 726,200 allowing for 5% down with 30 year fixed terms. Anything above that would be considered a jumbo loan which will typically require more down with slightly worst terms. the 726,200 is up from 647,200 in 2022.

Does being under the government insured limit make construction loans easier to get/require less down?

Most constructions loans offered at banks etc are balance sheet loans meaning they are held on the bank balance sheet instead of being sold into to Fannie/Freddie. Either as interim construction loans or one time close those balance sheet loans would not really be effected by that number.

However, we do offer a one time close construction loan that is backed by Fannie that requires 10% down that WILL now go up to 726k number.