CONVENTIONAL LOANS

Instead, conventional mortgage loans are backed by various private lenders who offer higher interest rates than government-backed programs.

WHAT IS A CONVENTIONAL MORTGAGE?

Home loans are a great way to get the house you've always wanted, but there is more than one type of mortgage available. Before applying for any type of loan be sure that it's right for your situation and financial goals! The conventional loan is a fairly standard type of mortgage that follows all the rules set by Freddie Mac and Fannie Mae. You can get either adjustable or fixed rates, with your maximum amount determined by where you live in America - it just depends on how much they're willing to give!

There are a lot of benefits to taking out a conventional loan, even if you're just looking for your first home. You'll need income and credit stability but with scores below 620, this option may be right up your alley!

CONVENTIONAL LOANS

The conventional mortgage loans are backed by various private lenders who offer higher interest rates than government-backed programs.

WHAT IS A CONVENTIONAL MORTGAGE?

Home loans are an excellent way to get that dream house, but there's more than one type of mortgage available. Before applying for any type of loan be sure it'll work well with your situation and financial goals! The conventional loan is the most common type of mortgage in America. You can get either adjustable or fixed rates, depending on where you live and how much they're willing to give!

The conventional loan is often the first option for people who want to buy their home, but if you have low scores or a limited income it might not be an excellent choice.

Once your finances are stable enough and even with a 620+ credit rating, this type of funding can still work out perfectly!

Sara Magers

(213) 444-2612

saramagers72@gmail.com

Sara made the whole process as easy as possible. She was responsive and answered all our questions quickly and professionally. As with everything in life nothing goes perfect but Sara made any bumps easy and efficient..

Gary81158-Long Beach, CA

Sara made the whole process as easy as possible. She was responsive and answered all our questions quickly and professionally. As with everything in life nothing goes perfect but Sara made any bumps easy and efficient.

Gary81158

Long Beach, CA

Sara Magers

Team Loan Consultant

NMLS ID#: 1886099

address1880 CENTURY PARK E STE 412, LOS ANGELES, CA, 90067

saramagers72@gmail.com

Sara Magers

Team Loan Consultant

NMLS ID#: 1886099

address: 1880 CENTURY PARK E STE 412, LOS ANGELES, CA, 90067

saramagers72@gmail.com

Sara Magers is a licensed Mortgage Broker in the state of LOS ANGELES, CA. NMLS ID#: 1886099. Loan commitments are not deposits, and all loans will be subject to credit approval. Guidelines may change without notice at any time!