Conventional Home Loans

Is a Conventional Home Loan Right For You?

In many instances a conventional loan offers our clients the best value. Being an independent mortgage broker, we can offer you many more conventional loan options than you will find with a bank.

Conventional loans are best for borrowers who have saved up around 20% of the value of the home they wish to purchase. Conventional loans offer great rates and many term options including 10, 15, 20 or 30 years. Contact us today to find out what type of conventional loan will be best for you!

Conventional Home Loan FAQs

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What are the options for Conventional Loans?

Because Conventional loans are non-GSEs or non-Government Sponsored Entities there are many options such as terms, prepayment, etc. Each bank or lending institution likely has different products with different rates. Since we are a mortgage broker, we have access to many different Conventional loan products and can help you choose the right option for your circumstances. Contact us to learn more.

What are the rates for Conventional loans?

Conventional loan rates differ between situation and provider. Some rates are fixed while some are adjustable. There are advantages and disadvantages to all Conventional loans and it can be difficult deciding. We make sure our clients understand all the options and give expert advice on the best possible choice.

What are the advantages of a Conventional loan?

Conventional loans typically offer:

  • Better Rates
  • More Options
  • Do Not Require Mortgage Insurance

What are the disadvantages of a Conventional loan?

Conventional loans have some disadvantages. You are required to put a larger amount of money down on your home. However, American Capital Financial may be able to get you into a conventional loan with as little as 3% DOWN! Many of the other disadvantages are situational. For instance, choosing between a loan with an adjustable rate versus a fixed rate has its own set of advantages and disadvantages.

To properly understand your situation and help you make the best decision regarding your mortgage loan, please contact us!

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I was slightly apprehensive about refinancing.  I always imagined it to be a time-consuming, complicated, and intimidating process.  DJ and American Capital Financial eased all our fears.  DJ made it as painless as he could for us from application to closing.  He was very responsive answering a…
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