Conventional Loans

 Our conventional loan products offer flexible down payment options, quick closing times and flexible underwriting guidelines.

 LOAN PURPOSE: Purchase, Rate and Term Refinance or Cash Out Refinance.

BORROWER TYPE: Primary Residence, Second Home or Investment Home.

TERM: 15YR, 20YR, 25YR, 30YR and custom terms available.

INTEREST RATE: Fixed or Adjustable.

MINIMUM FICO: 620.

MAXIMUM LOAN TO VALUE (LTV): 97%.

MINIMUM LOAN AMOUNT: $100,000.

PROPERTY TYPE: 1-4 Family

FAQ's on Conventional Loans

Are all conventional loans the same?
No. Mortgage rates and loan terms can vary among lenders, it pays to compare loans offered by various lenders. The amount of the down payment and other factors can vary among lenders. Its wise to compare loans offered by several lenders and to be sure you understand all aspects of the loan terms.
 
What is the maximum loan amount?
Loan amounts vary by county and change frequently. When researching maximum loan amounts, you could check on Fannie Maes website or consult with a loan officer.
 
Can I refinance a Conventional loan?
You can refinance a conventional loan.
 
What are the advantages of Conventional loans?
A conventional loan may be advantageous to buyers who plan on putting 20% or more down to avoid paying mortgage insurance. Another reason a conventional loan might be a better option is if you plan on buying a home that may need some work and may otherwise not pass a home appraisal inspection for a government backed loan.