NMLS ID#: 68758
Conventional Home Loans
If you have good credit, a low debt-to-income ratio, and want to build equity faster, you might want to consider applying for a conventional loan.
The Loan that's Right for You
As a direct lender, we can approve you for a conventional loan that isn't backed by a government entity. The Willson Team Mortgage Advisors has more flexibility to set terms and conditions that fit your financial situation. The eligibility requirements may vary based on your financial stability and history, but we will work with you to determine which loan is best for you. A conventional loan has the most advantages for borrowers who can put at least 20% down, have good credit, and a stable income.
About This Loan
- Credit scores to 620
- Down payment as low as 3%
- Flip properties eligible
- Multiple fixed rates and ARM products
- Mortgage insurance options: lender paid mortgage insurance
- Seller credit can cover an upfront mortgage insurance
- High balance loan limits available in designated areas
- Owner-occupied, second home or investment
- Direct Fannie Mae and Freddie Mac lender
Don't Wait to Get Started
If you are ready to apply for a conventional loan or you are debating whether or not this is the loan for you. Give us a call and let’s set up a consultation. We will help you figure out the pros and cons specific to your financial situation so you can be confident you are making the right choice.