When you think Conventional think “Flexibility”!

A Conventional Home Loan

is a standard mortgage not insured or guaranteed by the government. It typically requires a higher credit score and a down payment, offering flexibility in terms and competitive interest rates compared to government-backed loans with the exception of Freddie Mac’s 3% Down Payment Conventional Loan that will accept a credit score as low as 620

10 Benefits of a Conventional Loan:

How do the interest rates compare to other loan types and are there any specific advantages for borrowers with a good credit score?

Conventional loans often offer competitive interest rates, especially for borrowers with strong credit profiles, in return offering more favorable loan terms making conventional loans more attractive in comparison.

How do conventional loan limits compare to other loan options?

Conventional loans generally have higher borrowing limits compared to certain government-backed loans such as FHA, Fannie Mae and Freddie Mac, allowing for larger loan amounts & limits.

What does the application and approval process for a conventional loan consist of?

The application involves providing financial information and documentation. Approval considers factors like credit history, debt-to-income ratio, and employment stability.

How does the repayment structure of a conventional loan work?

Conventional loans typically follow a fixed or adjustable-rate structure. Fixed-rate loans have consistent monthly payments, while 2-1 buydowns & adjustable-rate loans may change over time.

In what situations might a conventional loan be more suitable than other loan types?

Conventional loans are often suitable for borrowers with strong credit, stable income, and a substantial down payment. They may be preferred for certain property types or high-value transactions but also offer a very favorable & attractive 3% down loan as well as a multitude of other loan options!

For A Free Conventional or a Private Mortgage Loan Approval

5 Step Process for a Conventional Home Loan Approval

Contact us today for help! No matter your unique situation or circumstances, we got you covered!

Why Us?

We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a repeat buyer! Simply put, where here to see to it that your Home Loan process from application, approval to closing goes smoothly! With credit repair, knowledge-based loan broker assistance & the right tools and knowledge needed to help guide you through the process, there’s no reason why you cannot one day become a Homeowner! 

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