Conventional Loans
Conventional Loans Made Simple
Conventional Loans are the standard loan. Nearly 80% of all loans are Conventional. They are funded by private lenders and often sold to government sponsored agencies such as Freddie Mac or Fannie Mae. Down payments can be 3% for a first time homebuyer but are usually 5% or more depending on your situation. Lenders may have a little more latitude lending in this space and can get competitive which can produce some great results.
At Down Range Mortgage, we will walk you through every step of the Conventional loan process.
Who can Get a Conventional loan?
Anyone can apply but remember these loans are privately funded so often are a little stricter in qualifications. Steady income, good debt to income ratios along with good credit are important.
Why choose a Conventional Loan?
These loans are the standard and because of this, private lenders can get competitive in what they are willing to do for your business. Also, they are a bit more relaxed in the condition of the home compared to government backed loans such as FHA or VA.
How Down Range Mortgage Supports you?
At Down Range mortgage, we simplify the Conventional Loan process from start to finish. We evaluate your eligibility and guide you through pre-approval without confusion or guesswork.
We collect your documents and pull everything together, presenting the best possible image to the lender to gain the best possible results. We communicate and keep you updated throughout the entire process. We’ll also walk you through closing so there are no surprises.
Whatever your specific situation is our team at Down Range mortgage is here to help you move forward confidently. Conventional Loans are the Gold Standard and we can make it even easier.