What is a Conventional Mortgage?

Conventional mortgages are the most common types of loans, falling below the general secondary market loan limits of $729,750. Maximum loan limits vary by county, so our loan professionals will inform you accordingly. Pricing increases above $417,000, but the rates are extremely attractive when compared to traditional Jumbo products. Conventional mortgage loans include fixed and adjustable rate mortgages (ARMs), as well as first-time home buyer products. Most require a 3% down payment, but sellers and family members can help minimize down payment and closing costs requirements up to 6% of your purchase price! If your down payment is less than 20%, all programs  require private mortgage insurance or Lender Paid Mortgage Insurance. We will be happy to show you which option is best for your situation.

Where do I Start?
The best thing to do is contact us for a no-obligation free consultation with one of our loan professionals. We will discuss your specific needs and goals, and then will inform you about what loan options might work best. We are happy to issue you a  pre-approval  if you are interested in purchasing a home and can refer you to an experienced Real Estate Professional in your area if you are not currently working with anyone. To schedule an appointment, please call 800.865.6266 for immediate assistance.