Unlock the Benefits of Traditional Financing
A Conventional Loan is perfect for borrowers with strong credit scores who are looking for competitive interest rates and predictable loan terms. With no government backing, these loans often offer more flexibility in terms and conditions, making them ideal for buyers who meet the criteria.
Why Choose a Conventional Loan?
- Competitive interest rates
- Variety of term options
- No upfront mortgage insurance required with 20% down payment
- Flexible use for primary, secondary, or investment properties
What You'll Need:
- Proof of income (W-2s, tax returns, pay stubs)
- Credit score (typically 620 or higher)
- Down payment (typically 5-20% of the home’s value)
- Debt-to-income ratio below 43%
- Employment history (usually 2 years)
- Property appraisal
