Conventional Loans

Conventional Loans are the most common loan programs.  Sometimes referred to as Fannie Mae or Freddie Mac loans these loans are generally easy to qualify for credit worthy borrowers.  Automated underwriting allows for faster closings with minimal documentation.  In fact for some refinance transactions, you don't even need an appraisal!   

Conventional Loans are available with either adjustable or fixed rates with a variety of terms including; 10, 15, 20, 25 and 30 years.  Borrowers also have a choice of down payment options of 3%, 5%, 10% or 20%.  Special programs are also available for first time home buyers.   The maximum loan amount is $647,200 or $970,800 in some high cost counties.

Fast closings, competitive rates with minimal documentation.  

Well qualified borrowers with sufficient assets, time on job and able to document income.

You must have good overall credit, a 620 Fico score and no bankruptcies or foreclosures within the preceding 7 years.  These are "full-doc" loans which means you will have to document your income for the preceding 2 years with W2's or tax returns.  

We close most Conventional Loans in 14-21 days.  We can also close most loans "virtually" through our e-closing service.