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With A Conventional Loan
Get Better Terms & Avoid Private Mortgage Insurance
If you have excellent credit and 20% ready to put down, we can help you secure a fixed or adjustable Conventional Loan.
With a Conventional Loan you can avoid paying the upfront mortgage insurance of an FHA loan. Conventional mortgage loans do not require private mortgage insurance (PMI) if you have 20% or more to put down.
WHAT YOU NEED TO KNOW

When financing a home, it’s important to consider the following:

  • What is your credit score?
  • How much of a down payment can you afford??
  • What is your income to debt ratio?
  • Where is your future home located?
DOCUMENTS YOU’LL NEED

Gather the following documents to ensure a smooth application process:

  • Asset Information
  • Proof of Recent Income
  • Tax Returns
  • Driver’s License
WHAT WE LOOK FOR

We help get you approved for the perfect loan. This is what we look for:

  • Salaried employment or income forthe last 2 years
  • Assests that cover 5% of the sales price
  • Your debt-to-income ratio
  • Your credit score and history
HERE ARE
Common FAQs
Let The Home Loan Experts
Help Secure Your Home.
WHAT IS A CONVENTIONAL MORTGAGE?
When you apply for a home loan, you have several of different products available to choose from, but the most common are conventional loans or government insured loans. Conventional loans follow the guidelines of Fannie Mae (the federal national mortgage association or FNMA) or Freddie Mac (the federal home loan mortgage corporation, or FHLMC). Conventional loans, unlike government-insured loans, are insured through private companies. Conventional mortgages are attractive to most borrowers because they often feature more attractive terms than jumbo or government insured loans.
WHAT ARE MY TERM OPTIONS?
Conventional home loans are available in both fixed or adjustable rate options.

A “fixed-rate” mortgage refers to a product that offers an interest rate that won’t change for the life of your loan. A conventional loan is a great option for people who plan on living in their home for many years and want to know what their monthly payments will be for the duration of the loan.

On the other hand, adjustable-rate mortgages (ARMs) offer a lower interest rate for a short term during the first few years of the term—usually from 3 to 10 years, after which the interest rate can change. If you intend to own your home for a short period, you could save money with an ARM at today’s low rates. If you plan to stay in your home longer, a fixed rate may be your best option

wHAT SHOULD BE CREDIT SCORE BE?
In general, a borrower will need a minimum credit score of 620 or more to be eligible for a conventional loan; however, similar to down payment requirements, the terms for borrowers with excellent credit scores — 740 or higher — will be more attractive.
WHAT IS A DEBT-TO-INCOME RATIO?
Debt to income ratio (or DTI for short) is expressed as a proportion comparing your monthly income with your monthly payments on debts like car loans, student loans, or credit cards. A borrower with good credit scores and reserves in the bank after closing may be allowed a higher debt to income ratio than an average borrower.
Any other requirements I should know about?
The property you wish to purchase must also satisfy Fannie Mae and Freddie Mac requirements. Fannie and Freddie have relatively lenient requirements when it comes to traditional single-family homes, but some “unique” property types — “tiny” homes, mobile homes, or homes with unique design/structure — may be harder to finance with a conventional loan.
GET PRE-QUALIFIED
FOR A CONVENTIONAL LOAN TODAY!

A pre-qualification letter gives you a competitive advantage so your Realtor and Seller know you’re serious. Fill out the form and a Home Loan Expert will be in touch.

  • WHAT CAN WE HELP YOU WITH?
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A Passionate Team of Experts
Helping You Get The Loan You Need.
NOT READY TO PRE-QUALIFY?
Use our First Time Home Buyer Checklist to get a rundown of everything you need to make the process go as smoothly as possible.