A Conventional Loans
Down payments for conventional loans can be as low as 3% for first-time homebuyers.
What is a Conventional Loan?
One of the most popular types of mortgages for buying a home is a conventional loan. With the right qualifications, you can move into a home with a conventional loan with only 3% down.
Conventional mortgages also can include either fixed or adjustable rates, which makes them a flexible option for different situations.
Getting approved for a mortgage is simple
Every client's situation is different and handled with a unique, personalized approach. As a Mortgage Broker Company, we focus on getting the right loan at the right rate for our clients which allows us to secure often hard-to-find financing.
Benefits of A Conventional Loan
A conventional mortgage is simply a home loan that is not backed by a government agency. The term is often used interchangeably with “conforming loan.” But a conforming loan is one that fits within the conforming loan limits of Fannie Mae and Freddie Mac.
Benefit 1
You’re a first-time or repeat homebuyer.
Benefit 2
You have a good credit score and money to put down.
Benefit 3
You want a low-down payment.
Benefit 4
You can save money in the long run because there's no upfront mortgage insurance fee.
Second Finance, Lc | A Mortgage Broker Company | NMLS #1443191
jOHN w. dODD, lOAN oFFICER| NMLS#317222
4484 S Marsalis Ave. Dallas, Texas 75216
(214) 941-8222/ (888) 745-5289 COPYRIGHT 2023
Office Hours 9:am to 6:pm Monday through Friday
