What is a Conventional Home Loan?
A Conventional Home Loan is a mortgage solution designed for a specific financial situation. Traditional mortgage financing offers competitive rates, flexible terms, and down payments as low as 3%. It's ideal for borrowers with good credit and stable income, and provides a clear path forward with terms and conditions tailored to your needs.
Choose a conventional loan if you have a strong credit history, a larger down payment of 5%+, and a stable financial situation, as it can lead to lower overall costs.
Key Benefits
- Conventional loans have fewer property restrictions: unlike government-backed loans with strict property requirements, conventional loans can be used for a wider variety of properties and conditions.
- No residency requirement: conventional loans do not always require the property to be your primary residence.
- Fewer inspection hurdles: the appraisal process for a conventional loan is typically less restrictive than an FHA appraisal, making offers more attractive to sellers.
- Closing costs can be factored into the Contract as Seller Concession, so coordinate with your Mortgage Expert when making offers.
- Billy Watkins - Sr Mortgage Broker - NMLS 384700
How to Apply for a Conventional Loans
Initial Consultation
We start with a conversation to understand your goals and financial picture.
Application & Documentation
Complete the online application and provide necessary financial documents.
Underwriting & Approval
Our team reviews your file to issue a final loan approval.
Closing
Sign the final documents and get instant access to your funds.
Success Stories with Billy Watkins
"Billy made the process of getting our Conventional Loans incredibly simple. His communication was top-notch, and we closed faster than we ever thought possible. Highly recommend!"
Alex & Jamie R.Conventional Loans Client with Billy Watkins
"As a self-employed individual, I thought getting a mortgage would be a nightmare. Billy guided me through the Conventional Loans options and found the perfect fit. I couldn't be happier."
Samantha P.Conventional Loans Client with Billy Watkins
