Conventional Mortgages AA-Conventional

A Conventional Mortgage may be right for you if:

  • You’re a first-time or repeat homebuyer; or
  • You have a good credit score and money to put down; or
  • You want a low down payment.

Conventional Loan benefits and features:

  • Down payment: 3% and up.
  • Good credit score: Minimum is usually 620. 
  • Fixed-rate loan terms: 10 years, 15 years, 20 years, 25 years, and 30 years. 
  • Loan limits: $548,250; in most high-cost areas, the limit is $822,375.
  • Other requirements and conditions apply.
 
See sample scenarios here ►
 

CALL YOUR ACADEMY LOAN OFFICER today for more information about Conventional Mortgages.