Conventional Loans

Traditional Financing for Modern Living

A Conventional Loan is a mortgage from a private lender, like a bank, that isn’t backed by the government. It usually requires a good credit score and a stable income. There are two main types: fixed-rate (same interest rate for the loan’s life) and adjustable-rate (interest rate can change).conventional loans

Lower Overall Costs

Often cheaper in the long run, especially with a good credit score.

Flexible Terms

Options for fixed or adjustable rates and various loan lengths.

No Upfront Mortgage Insurance

Avoids the initial insurance premium required by some government-backed loans.

Higher Loan Limits

Suitable for purchasing more expensive properties.

Faster Processing

Typically quicker to process and close due to fewer regulations.

Potential for Lower Interest Rates

Strong credit profiles can secure better rates.