This type of loan is not insured or guaranteed by the federal government, but it is a good choice for borrowers with good credit and funds for a larger down payment ranging from 5–20% of the home purchase price.Main advantages of conventional loans:
Conventional purchase may be used for primary, secondary, vacation or investment properties
There are no requirements for upfront mortgage insurance premiums or funding fees
Borrower has the right to cancel Private Mortgage Insurance (PMI) once their property reaches at least 80% loan-to-value ratio
If your home property has declined, you may be able to refinance up to 125% loan-to-value ratio through Home Affordable Refinace Program (HARP)
Wouldn’t it be nice to look forward to hearing from your lender? We think so. It’s not just about price, service and how fast you can close anymore.
I really love my lender. They were there – every step of the way… I felt like they cared and I was on the ball with all the requests and docs needed. I really think this was the best thing for me – getting my refinancing in order so I can get a lower payment and best of all, all the costs were shown to me up front with no surprises. So perfect.
Finally I found HELP
I had a weird situation. I was just about to go back into the service, and I needed a home for my family. I Love My Lender helped me get into a VA loan, with no down payment, and things couldn’t be better.
Truly the best experience.
I didn’t think it was possible to truly love my lender – but there you have it. Fast, responsive, friendly and knowledgeable – Barry and his associates helped me through every single step of the process. Thank you!!
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A division of Direct Mortgage Investors, Inc. NMLS# 1559635
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