A conventional loan offers fantastic rates, lower costs, and greater flexibility than other programs. Conventional loans can have a fixed or adjustable rate: fixed rate mortgages have a set interest rate for the entire length of the loan, while adjustable rate mortgages (ARMs) features a low introductory rate for a fixed period, followed by periodic rate adjustments. Additionally, a fixed rate mortgage gives you with the stability to budget your finances. Over time, the fixed rate becomes more manageable as you and your family’s income increases.

Conventional Loan Benefits:

• Low down payment options available for qualified borrowers.
• Provides for cash out refinances.
• Loan amounts available up to $548,750.00.
• Ten-, 15-, 20-, and 30-year terms available.
• High balance and super conforming loan amounts available.

For more information about conventional loans, including complete eligibility requirements, contact us today.

A conventional refinance is simply a non-government backed loan used to refinance or replace an existing mortgage. Like conventional loans, a conventional refinance offers fantastic rates, lower costs, and greater flexibility than other programs.

You can use a conventional refinance loan to:

• Cancel FHA mortgage insurance.
• Refinance an FHA loan.
• Refinance another conventional loan.
• Refinance an adjustable-rate mortgage (ARM) into a fixed rate loan.
• Consolidate a first and second mortgage.
• Take cash out of your home’s equity.

For more information about conventional refinancing, including complete eligibility requirements, contact us today.