I’m looking for flexibility in loan terms and pricing and I have good credit and money to put down.
The Conventional Mortgage
A Conventional Mortgage is simply any mortgage loan that is not insured or guaranteed by the federal government. Conventional Mortgages typically require a higher down payment, usually 5%–20%. They also have higher income and credit score requirements than government loans. Conventional Mortgages can have a fixed interest rate or an adjustable interest rate. Typical fixed-rate loans have a term of 15 or 30 years. With an Adjustable-Rate Mortgage (ARM), the interest rate stays constant for a term and then fluctuates based on market conditions.
I will ask you a series of questions to see if Conventional is right for you.
Interested in learning about other loan programs? Visit the Loan Finder
Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates and conditions are subject to change without notice. Some products and services may not be available in all states.
Tim Marti2021-04-10T11:42:16-07:00October 6th, 2019|