Conventional loans are the most common loan type and can be one of the best options for well-qualified buyers. In the long run, most conventional borrowers save money because private mortgage insurance (PMI) either goes away or is not required.
If you put down less than 20% of the total value of the home for a down payment, you’ll be required to pay Private Mortgage Insurance (PMI). Once you reach 20% equity in your home, however, you can usually request the removal of PMI.
Here are some of the benefits of a conventional mortgage:
We’ve got the experience and the professional network to get your loan funded. If it can be done, we’re the ones who can get it done. You’ll have direct access to a friendly, communicative, professional Loan Originator who will walk you through every step of the process. If a problem ever pops up, you’ll be the first phone call with a solution.