Conventional Loans
Conventional loans are one of the most popular and versatile mortgage options for homebuyers and homeowners looking to refinance. Current conventional loan limits are $832,750.
Key Benefits of Conventional Loans
Flexible Down Payment Options
With conventional loans, down payments can be as low as 3% for first-time homebuyers, 10% for Second homes and 15% for investment properties. Prviate mortgage insurance (PMI) is required when putting down less than 20%, but it will fall off automatically once your loan to value reaches 78% of the original value or the purchase price (whichever is less).
Competitive Interest Rates
Conventional loans often offer some of the most competitive rates, especially for borrowers with strong credit histories.
No Upfront Mortgage Insurance Premium
Unlike some government-backed loans, conventional loans do not require upfront mortgage insurance payments.
Loan Term Flexibility
Choose from various term lengths, including 15, 20, or 30-year fixed-rate options, or adjustable-rate mortgages (ARMs), based on your financial goals.
Request More Info
Contact us to request more info