CONVENTIONAL | CONFORMING LOANS
CONFORMING LOANS
Ready to start your next homeownership journey? Click the button below to begin our speedy secure pre-approval & application process.
WHAT IS A CONVENTIONAL/CONFORMING LOAN?
Our Conforming/Conventional Home Mortgage Loans offer stability and predictability, adhering to government-sponsored enterprise guidelines for a secure financial foundation. Benefit from competitive interest rates that help you save over time, while flexible down payment options accommodate diverse financial situations. Choose from a variety of loan terms tailored to your preferences, whether you prioritize faster equity building or manageable monthly payments. Our streamlined application process ensures a smooth journey to homeownership.
CONVENTIONAL LOAN REQUIREMENTS
To qualify for a Conventional Loan you'll need:
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Credit Score of 620 or better
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Debt-To-Income Ratio (DTI) lower than 45% in most cases.
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Down payment of 3% or more.
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2024 Conforming Loan Limit of $766,550 on Subject Property to be financed.
WHO'S A GOOD FIT FOR A CONFORMING LOAN?
Conforming or conventional mortgage loans are particularly beneficial for homebuyers with strong credit profiles, stable income, and a substantial down payment. These loans typically offer favorable terms and interest rates, making them suitable for financially secure individuals or families seeking a traditional and cost-effective financing option for their home purchase.
LOOKING FOR MORE LOAN PROGRAMS?
Use the button below to return to our Loan Programs page to view additional lending options and programs.