Conventional Loans

Conventional Loans 

Conventional loans are mortgage loans offered by non-government sponsored lenders. The bulk of mortgages fall under the conventional loan status. For purchases, common down-payment options include 5% down, 10% down, 15% down, 20% down, or you can customize your down-payment amount. Conventional loans include many different loan types such as:

  • Fixed Rate Loans – 30 year fixed, 20 year fixed, 15 year fixed, and 10 year fixed loans. 
  • Adjustable Rate Loans (ARMs) – 10 year arm, 7 yr arm, 5 yr arm, or 3 year arm.
  • Jumbo Loans – loans that are larger in size. Loan Limit depends on county but for most of the Carolinas the limit is $484,450.
We would be happy to assist you to find the best mortgage rate and program for your home financing. Fill out a Quick Quote request or General Mortgage Inquiry or any tab on our site.
 

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Don't know how the loan process works?  Here's a step by step guide.