home sweet loan
Whether you’re purchasing a new home or refinancing your current home, a conventional mortgage is a great solution to accommodate your needs as it conforms to the guidelines established for the size of your loan while considering your financial situation.
Features of a conventional mortgage:
- Fixed and adjustable rate mortgage (ARM) available
- Maximum loan amount of $453,100
- Terms available up to 30 years
- Potentially avoid mortgage insurance premiums
- Typically requires 20% down payment
- No annual fees
Property types available to finance with a conventional mortgage:
- Single family homes
- 1-4 Family properties
- Condominiums
- Manufactured homes
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