A conventional loan is any type of home loan that isn’t insured or guaranteed through a government agency. Many conventional loans conform to government-set loan limits as well as income and credit score minimums. Conventional loans often cost less than government-backed mortgages such as FHA loans, but qualification requirements are more difficult to satisfy.
Many companies limit their conventional loans to 95% loan-to-value (LTV) – not us. A 97% LTV is just one of the things that make conventional loans a better choice.
620 minimum credit score
Up to 97% LTV/CLTV for fixed-rate mortgages when at least one of the borrowers purchasing the property is a first-time homebuyer
10-30 year fixed-rate mortgages, 5/6,7/6 and 10/6 ARM mortgages
Eligible property types include 1-4 units, condos, co-ops, leasehold estates, manufactured housing, modular homes, and PUDs
Purchase and refinance options available
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