Home prices in Southlake, Westlake, and Colleyville routinely approach or cross $845,000 — the level Fairway is currently treating as conforming ahead of this year’s official loan limit announcement — which means jumbo financing is often part of the conversation, even for a fairly typical home in these areas.
Quick Answer
• Why it comes up here: Median and typical home prices in these communities frequently approach or exceed
Fairway’s current $845,000 conforming threshold
• What’s different: Jumbo loans involve more thorough underwriting — credit, reserves, and documentation all get a closer look
• Good news: Jumbo financing is a well-established, common path in these markets, not a rare exception
What Makes These Markets Different
Southlake, Westlake, and Colleyville consistently rank among DFW’s higher-priced submarkets, which means buyers here cross into jumbo loan territory more often than in most of the metro. That’s simply part of shopping in this price range, not a sign something’s unusual about your purchase.
Preparing to Buy in This Range
• Get pre-approved for jumbo financing specifically, not just a general pre-approval, before you start touring
• Have your reserves and documentation organized early — jumbo underwriting moves faster when your file is complete from the start
• Ask about how property taxes and insurance scale at this price point, since both add meaningfully to your total monthly payment
FAQ
Are all homes in these cities jumbo-financed?
Not all, but many are, given typical price points relative to Fairway’s current $845,000 conforming threshold — it depends on the specific home and your loan amount.
Does jumbo financing take longer to close?
It can involve more documentation, but with an organized file, timelines are often comparable to conforming loans.
No Pressure — Just Answers When You’re Ready
Curious what this could look like for your situation? A quick conversation is the easiest way to find out — no obligation, no pressure.
Cristina Calk
Team Calk | Fairway Independent Mortgage Corporation
Phone: 817-929-6239
Website: TeamCalk.com
NMLS# 497446 (Cristina Calk) | Fairway Independent Mortgage Corporation, NMLS# 2289. Equal Housing Lender. Programs and eligibility requirements are subject to change without notice and are current as of the publish date of this article; contact us for current terms. This is not an offer to extend credit or a commitment to lend, and no interest rate or Annual Percentage Rate (APR) is quoted in this article unless explicitly labeled and sourced. Contact us for a personalized rate quote and Loan Estimate, which will disclose your actual interest rate, APR, estimated payment, and closing costs in compliance with the Truth in Lending Act (Regulation Z). This article is for informational purposes only and is not tax, legal, or financial planning advice.