Conventional Mortgages
Low Down Payment
With a credit score of 700 or more, we can get you a loan to purchase a home with only a 1% down payment. With a credit score of 620 or higher we can get you a loan to purchase a home with only 3% down. This can all be achieved with no monthly Mortgage Insurance.
Streamlined Approval Process
Gift funds from relatives are allowed to fund your closing costs. We can also use income from a non occupying co-borrower and in some cases only 1 year of tax returns are required. In most cases we can close these loans in less than 3 weeks.
Varying Property Types
Conventional loans may be used for primary residence, 2nd homes, and investment property wheareas most other loan programs are only available on primary residences.
No Funding Fee
Convention loans do not require an upfront finance fee or guarantee fee.