Conventional Loans Washington
Conventional just implies that the loan is not an element of a particular government program. Conventional loans program normally cost not as much as Federal Housing Administration (FHA) mortgage, yet can be more hard to get.
Whether you are interested in a fixed rate mortgage or an adjustable rate mortgage, we can help you find the best conventional loans suited to your specific needs. Our experts provide assistance through all the stages of getting the loan – from getting pre-approval to selecting the best conventional loans for opening the doors to your new home.
Conventional Loan Features:
- Lower interest rates than FHA or VA loans
- Option for avoiding mortgage insurance
- Lower mortgage insurance premiums than FHA premiums (based on your credit profile)
Largest conventional loan programs require 5% down. Nonetheless, you can get a conventional loan with 3% down through particular conventional mortgage programs constructed to upgrade reasonable loaning to financially sound low to limited salary borrowers.
We can save you money and get you a competitive mortgage rate for your home loan!
A loan given by a bank, mortgage company or other financial institution for the purchase
of a primary or investment residence. A home mortgage is one of the most common forms of debt, and it
is also one of the most advised.