Benefits of
With competitive interest rates, conventional loans can often be less costly over the life of the loan compared to other types of financing, especially for borrowers with strong credit scores.
Borrowers who can make a down payment of 20% or more typically do not have to pay for private mortgage insurance, which can significantly lower monthly housing costs.
Conventional mortgage loans offer flexible term lengths, enabling borrowers to select the option that aligns best with their financial plans and goals.
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1 Rated # 1 in DLI – HMDA lending activities in LMI tracts in Deposits by National Community Investment
Fund’s June 2022 Report.
All loans are subject to credit approval. Not all applicants will qualify. Information is subject to change with no prior notice. While multilingual representatives or loan officers are available, all loan disclosures and documents will be in English. You should seek translation assistance from a trusted third party if needed.