Conventional loans are non-government sponsored mortgages. The bulk of mortgages falls under the conventional loan status. Common down-payment options include 5% down, 10% down, 15% down, 20% down. You may also customize your down-payment amount. Conventional loans often require a 680 credit score. They include many different loan types including conforming home loans (loans under $647,200) as well as jumbo loans (loans over $647,200).
We would be happy to assist you to find the best mortgage rate and program for your home financing. Simply fill out a General Mortgage Inquiry request on our website or give us a call so that we can provide your options.
