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