Conventional Home Loan
Conventional loan features include low down payment options and varying payment structures. Our team can combine multiple features to customize a mortgage that fits your financial situation.
What is a conventional loan?
Conventional home financing is popular with mortgage lenders and homebuyers. Designed to encourage homeownership, low rates with a variety of features are available. Conventional loans generally offer lower costs than other loan products. Qualifying criteria is set by government-sponsored entities - Fannie Mae and Freddie Mac.
Our team provides a consultative approach to finding solutions to meet your financing goals.
As with all loan options, a review of your credit score, debt and assets will be required to meet these conventional guidelines.
Benefits of a conventional loan:
Down payments vary by product, but down payment options are offered as low as 3%-5% for qualifying borrowers
Fixed rate and adjustable-rate mortgages are available
A variety of terms
No private mortgage insurance costs with 20% down payment
Common conventional questions, answered.
We've got stars and we're proud...
“I came to Yuri with two weeks to close on a property. I was working with another lender and I was shocked and amazed about what they were going to charge me for the transaction. In short, Yuri ran the numbers and saved me about $25,000 overall. He then assigned the other leg work to Kya. Kya was nothing but sweet, professional and efficient. Working with Kya, the process was easily completed before the two-week deadline. I couldn't be happier with the end result!”
“I never thought the mortgage process could be this easy. My mortgage consultant even sent a book about moving for my kids to read. That is thoughtfulness on a whole other level.”
“I have used Premia Relocation Mortgage on 3 homes so far and I have had a great experience every time. I will use and recommend them in the future.”
“My experience was wonderful, the team was just outstanding and handle all my concern quickly and to point . I would definitely recommend Premia to all my friends.”
“This is my first time buying a house in the U.S., and Premia made it easy and guided me through the process.”
“Jim and Ted both went above and beyond to process our loan in record time! They were both absolutely great to deal with!””
“Jeff was very knowledgeable regarding us using my VA Loan and helped us lock-in a long term rate. This was a huge plus since we were building a house and wanted to secure a rate on the front end to eliminate any unexpected surprises.”
“Jason West was great to work with. I felt he did everything he could to ensure we had a successful and straight forward process. He was very proactive and transparent throughout the loan process and was available to take a call at any time.”
“Both Frank and Dan demonstrated the highest levels of professionalism in handling my mortgage. I wish them every success in their future endeavors.”
“The whole process was well managed by Joseph and team. It was easy, transparent and honest. I really enjoyed working with Premia Relocation Mortgage team. Thank you!!!”