Save money with a Conventional Home Loan!
Conventional Home Loans can save you money over the life of your loan! These loans
are available to many borrowers and are the gold standard. Many Conventional Home
Loans come with a fixed interest rate meaning your interest rate will never change and
the principal and interest portion of your payment will stay the same for the life of your
loan.
Down Payments for Conventional Home Loans
It is a common misconception that Conventional Home Loans require a 20% down
payment. We are able to offer Conventional Loans with a down payment as low as 3%!
Most home loans require you to pay additional Private Mortgage Insurance (PMI) every
month if your down payment is less than 20%. We have a special product that allows
you to put down as little as 10.01% and not have to pay PMI!
Time Frame to Pay Back a Conventional Home Loan
Most lenders offer 15- or 30-year fixed terms on Conventional Loans. We are able to
offer any number of years between 9-30 to suit your payment and financial goals!
Benefits of Conventional Home Loans
Conventional home loans allow you to avoid funding fees and do not come with
restrictions about your property’s location. Many banks also allow you to apply gift
money to the cost of your loan. While the loan has high requirements for a down payment, these benefits often interest potential home buyers.
Talk to us about how to secure the best possible rate and term for your Conventional Home Loan!
