Your Browser doesn't support essential functions this website requires.
Safari 9, IE 10, Opera Mini and UC Browser for Android are not supported.

Conventional

Loans

Get Further Information About Conventional Loans Below

What are Conventional Loans?

Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable verifiable monthly income. Well qualified borrowers can put as little as 3% down. Loans with less than 20% down require PMI.

BENEFITS

Typically, conventional loans have better rates, terms, and/or lower fees than other types of loans. Conventional loans are ideal for borrowers with good credit and at least a 5% down payment. Unlike VA and FHA there is no upfront mortgage insurance.

Who is eligible for a Conventional Loan?

Anyone can get a conventional loan with residency status. You must prove two years minimum employment status and have a steady or increasing income for at least 2 years. The down payment must be seasoned a minimum of 60 days and verified.  You must have good to excellent credit.

What types of property are eligible?

Most conventional loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments, and 1-4 family residences. A conventional loan can be used to finance a primary residence, second home and investment property. Manufactured homes on a permanent foundation are allowed.

Learn More About Conventional Loans or contact Ron.

Apply

Now

Apply Now Online and Convenient. Please feel free to reach out to us if you have further questions.
learn more >

Jumbo Loans

Find Out More About Jumbo Loans. Please feel free to reach out to us if you have further questions.
learn more >

Mortgage

Loans

Find Out More About Mortgage Loans. Please feel free to reach out to us if you have further questions.
learn more >

Latest

News

How a Loan Officer Helps


10 September

Down-Payments according to your loan


10 August

Type of Loan Officers


10 July

5 things to know before a home loan


10 June

Our

Testimonials

Ron is a very honest, sincere, and hardworking loan officer. His work ethic and integrity are in line with mine. this is why, I choose to work with this great team As a real estate professional, the business for 35 years, I’ve seen Loan Officers arrive then disappear shortly thereafter.  Ron is one of those select few with staying power in the mortgage lending industry because of his integrity, communication skills, and analytical abilities. If you are looking for a Loan Officer who will go all out and work hard with your best interests in mind, then Andre is your guy!

  • Bob I

Ron has gone above and beyond for us with the recent purchase of our new home. Andre truly cares about his clients, and we are more than happy to recommend him to anyone in the process of purchasing a home or refinancing. Thank you very much, Ron, you are the best!!

  • Rosann J

Ron and his team are everything you would want and expect while going through any loan process. They keep you well informed so that the process is stress-free. They were beyond helpful and made sure that I knew exactly what was going on and took the time to explain and educate me. Being a Veteran, I must say that there is no doubt in my mind that they are truly experts and care about each individual experience!

  • Valentino N

Worked with Ron and he made the process so easy for us.  Loans require a lot of paperwork now and Ron was great at making everything simple and easy.  He kept us updated the entire time and I would recommend him.

  • Steve C

We’ve tried for years to refinance but we would always get a “no” as an answer. He did everything possible for us to get our Mortgage to refinance loan. He never gave up until we got approved. I also want to mention that he was always available for any questions we had. Any doubts we had, he was always there to explain, step by step. Very trustworthy! He went above and beyond!! Thank you, Ron

  • Brant B

Feel Free To

Reach Out To Us