Conventional Loans
For Homeowners/Homebuyers with excellent credit, a conventional mortgage can often make the most sense. Let’s find out if a conventional mortgage makes the most sense for you.
For Homeowners/Homebuyers with excellent credit, a conventional mortgage can often make the most sense. Let’s find out if a conventional mortgage makes the most sense for you.
A conventional mortgage loan is a loan that’s not guaranteed or insured by the federal government. Most conventional mortgages are “conforming,” which simply means that they meet the requirements to be sold to Fannie Mae or Freddie Mac.
Most of our clients with really good credit scores that are looking to simply lower their rate/payment end up closing on a Conventional Mortgage. Your Top Flite Loan Officer will compare all loan products and make a recommendation on the program that best fits your needs and has the lowest monthly payment.
In general, conventional loans have stricter credit requirements than government-backed loans like FHA loans. In most cases, you’ll need a credit score of at least 620 and a debt-to-income ratio of 50% or less.
One of our Senior Loan Officers will be assigned to your file immediately and work up a pre-approval within hours.
We will contact you to discuss the numbers and quickly put you in a position to decide if you would like to work with us.
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