Conventional offers .

“Conventional” just means that the loan is not part of a specific government program.

A conventional mortgage is a home loan that isn’t backed by a government agency, such as the FHA or VA. Conventional mortgages often meet the down payment and income requirements set by Fannie Mae and Freddie Mac, and they often conform to the loan limits set by the Federal Housing Finance Administration (FHFA).

Conventional Loan

Primary Residence, one Borrower must be first time home buyer

  • 3% down payment only.
  • Lower rates, and lower Mortgage Insurance.

  • Purchases and Refinances


Loan Parameters

  • 620 Minimum Credit Score.
  • One borrower must be a First time home buyers for 3% down payment ( otherwise 5% down payment is an option)
  • Loan amounts up to $647,200.00
  • Fixed rates and terms of 10, 15, 20, 25 and 30 years
  • No prepayment penalties to pay extra or early
  • Purchase transaction of primary residence only
  • Citizen, Permanent Resident or Work Visas are allowed.
  • Full documentation using tax returns and w2’s or 1099’s
  • Escrows required, taxes and insurance must be included in the monthly payment
  • Gift Funds for a relative are allowed
  • Home must be livable
  • Recently renovated home, new construction or older home is allowed. Single family residence and town home as well