Conventional Home Loans
You Have Options
Conventional loans are our most popular for a reason. They can be used to purchase or refinance a home, borrowers can opt for fixed or adjustable interest rates, and the minimum down payment is 5%. A 3% down payment option exists for first-time homebuyers and other qualifying borrowers.
Benefits
After 20% equity is reached in the home, mortgage insurance drops and borrowers can save thousands of dollars over the long term. Sellers are also allowed to assist buyers with closing costs when using a conventional loan. This is also the reason many homeowners that financed homes through FHA loans switch to conventional when refinancing.
A better mortgage.
A better future.
Think your ready to take the leap? Contact us today or Find a Branch near you and together we can prepare you for your journey to financial security.
GET EDUCATED
Helping You to
Understand Your Options
Explore our free e-guides on topics related to homebuying and financial planning.
Sept
29
2020
FHA / LOAN PROGRAM / VIDEO
FHA vs. Conventional Loans
April
6
2021
BUDGET / FIRST TIME HOMEBUYERS / HOMEBUYING / MORTGAGE
Don’t Let Private Mortgage Insurance Surprise You
Apr
20
2021
CREDIT / FHA / LOAN PROGRAM / VIDEO
FHA Loans Come At A Cost
More Resources
Open Mortgage offers a trove of resources from easy, quick videos to detailed educational resources. We’ve got you covered!
Search
