Conventional Home Loans
If you're looking for a mortgage with a quick and easy application and excellent customer service, our Conventional Home Loans could be the perfect thing for you.Apply Now
Get a Conventional Home Loan with Just 3% DownWith our Conventional Home Loans, you'll be on your way to home ownership in no time. With just 3% down, you may be able to qualify. Plus, that 3% can come entirely from a gift.
Purchase a Home with Just a Small Down Payment
The primary barrier to home ownership for first-time homebuyers is saving money for down payments and closing costs. A conventional loan is an option that allows you to purchase a home without the burden of saving a large down payment.
- 3% down payment (Lower than FHA. Gift Funds Permitted)
- Only available on a one-unit primary residence
- One borrower must be 1st time home buyer
- No income limits
See a Conventional 3% Down Sample Scenario
|Product/Terms (Fixed)||30 YR|
|(30 day lock)|
|Total Monthly payment||$1,290.39*|
*Payment quote is for principal and interest only and does not include monthly charges such as private mortgage insurance, property taxes, and homeowners insurance. Your actual monthly obligation will be greater.
Experienced Customer Service
Our Mortgage Bankers offer personalized service and are available to walk you through the whole home buying process. Visit one of our banking centers or call our Mortgage Bankers at (866) 910-5221 today to get started.
How Much House Can I Afford?
When you're buying a home, lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use our home affordability calculator here to determine how much of a mortgage you may be able to obtain.Calculator
The application will ask questions about the house you are planning to buy and your finances. It takes less than 20 minutes to complete. If your application is approved online and we have received your intent to proceed, we'll ask you for a deposit to cover the cost of the appraisal on your home so that we can begin to process your request immediately.
After your application is completed, a Mortgage Banker will contact you to introduce themselves and to answer any questions you may have. Your Mortgage Banker will provide help and guidance along the way.
If your request wasn't approved online, they'll ask you for any information required to make a decision about your loan.
Prepare for Closing
Once everything is finalized, we'll send you the application package. This package will contain papers for you to sign and a list of items we'll need to verify the information you provided about your finances during the online application.
You'll also need to obtain title insurance. If you are purchasing a new home, we'll work with the real estate broker or seller to ensure the title work is ordered as soon as possible. If you are refinancing, we'll take care of ordering the title work for you.
Close Your Loan
After we receive all your paperwork — your application package, the appraisal and the title work — we'll contact you to schedule your loan closing. If you are purchasing a home, we'll also schedule the closing with the real estate broker and the seller.
The closing will take place at the office of a title company or attorney in your area who will act as our agent. A few days before closing your Mortgage Banker will contact you to walk through the final information.
Ready to Get Started?
Contact a Mortgage Banker today at (866) 910-5221 or find a local mortgage banker using the link below and get started.Find a Mortgage Banker