Conventional Loans

Conventional loans are Mortgage loans offered by non-government sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. When deciding if a Conventional Loan is best for you, we will typically look at the following:

• Credit Score – typically would like to be above 620
• Debt to income ratio
• Ability to put money down on the purchase – typically between 5% and 20%

Conventional Loans can be used for the purchase and refinance of the following property types:

• 1-4 Unit Properties
• Modular Properties
• Planned Unit Development Properties

When looking for a Conventional loan, most people are looking for a great rate, service with a personal touch, and an easy process. The Cain Mortgage Team at Integrity Home Mortgage Corporation, can typically match or beat most companies rates and our service is first class. As you can see from over 100 of our 5 star reviews online, our clients experience was second to none! Everyone has the cell phone number as the primary point of contact and are able, and encouraged, to call or text this number at any time. This makes communication simple, eliminates any misunderstandings and provides for a very smooth experience. So, when shopping for a Conventional Loan, give us a call to see how we treat everyone like a long term relationship, no just a transaction.

While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options. We offer down payments as low as 3% and no PMI with 5% down for qualified borrowers.