Conventional Mortgage Loans
Conventional Home Loans for High-Credit Individuals
If you have worked hard to build an outstanding credit score, the time might be now to capitalize! Arizona Mortgage Man secures conventional mortgage loans for Arizona-based veterans. These loans reward those with extremely high credit scores with lower rates and higher loan amounts. Our company can help you determine whether your financial situation qualifies you to take advantage of this loan type. If not, our loan officer can direct you to a host of additional options.
Why Conventional Mortgage Loans Might Work for You
Roughly 35 to 50% percent of mortgages in the United States fall under this category. With a conventional mortgage, the loan applicants met the funding criteria of Fannie Mae or Freddie Mac. They can be fixed-rate or adjustable-rate mortgages. They have a maximum loan amount of $484,350, require a 3-5% minimum down payment, and require monthly mortgage insurance on LTVs over 80%. We can help you find monthly, up-front mortgage insurance or lender paid terms. They offer many advantages, including faster loan underwriting and more options. They also provide more security to homeowners, as well as optional escrow accounts. If you have excellent credit, then we highly recommend you explore a conventional home mortgage.
Contact Us Today for a Free Consultation
At Arizona Mortgage Man, we believe buying a home should not be a stressful experience. However, finding a loan can be challenging. We try to save our clients money, time, and stress by working with them directly in a personalized manner. Our loan officer then works with the banks on your behalf to find a conventional mortgage that suits your financial needs and strengths. During our free consultations, we determine whether our clients qualify for these loans. If you don’t, there is no reason to worry. There are numerous options available to those who wish to purchase a house, including HUD and FHA loans. We can help.