Conventional Loans

A conventional mortgage loan is not insured or guaranteed by the government and are available in a variety of terms and conditions.

Conventional Loan Benefits:

• Flexible terms and conditions: Conventional mortgage loans are not subject to the same restrictions as government-backed loans, which means they can be customized to meet the specific needs of the borrower. This can include a variety of loan terms, interest rates, and down payment requirements.

• Competitive interest rates: Because conventional mortgage loans are not backed by the government, lenders are able to offer competitive interest rates to borrowers. This can save borrowers money over the life of the loan.

• No mortgage insurance requirement: Conventional mortgage loans do not require mortgage insurance, which can save borrowers hundreds of dollars per month.

• Higher loan limits: Conventional mortgage loans are not subject to the same loan limits as government-backed loans, which means they can be used to finance the purchase of higher-priced homes.

• Refinancing options: Conventional mortgage loans also offer the option to refinance your mortgage at a lower interest rate, or to take out a cash-out refinance loan to access the equity in your home.

Conventional mortgage loans offer a number of benefits to borrowers, including flexibility, competitive interest rates, and the ability to finance higher-priced homes.