Understanding Conventional Loans

Your Path to Mortgage Freedom

  • 1

    Conventional loans allow you to eliminate monthly mortgage insurance at 80% loan-to-value.

  • 2

    If purchasing a home, you can waive mortgage insurance with a 20% down payment.

  • 3

    Eligibility for an appraisal waiver may apply to purchases or refinances through automated desktop underwriting systems.

Your dream home is within reach—never stop believing, and together, we’ll make it a reality. : Every journey to homeownership starts with a single step—don’t give up, you’re closer than you think. : The keys to your dream home are just around the corner—stay focused, and we’ll help you unlock them. : No goal is too big when it comes to your future—your perfect mortgage solution is out there, and we’ll find it. : Homeownership is a journey, not a race. Keep moving forward, and your dream home will be waiting at the finish line.Your dream home is within reach—never stop believing, and together, we’ll make it a reality. : Every journey to homeownership starts with a single step—don’t give up, you’re closer than you think. : The keys to your dream home are just around the corner—stay focused, and we’ll help you unlock them. : No goal is too big when it comes to your future—your perfect mortgage solution is out there, and we’ll find it. : Homeownership is a journey, not a race. Keep moving forward, and your dream home will be waiting at the finish line.

Save Money with Conventional Refinancing

Eliminating Monthly Mortgage Insurance

With a conventional refinance, you can get rid of your monthly mortgage insurance once your loan-to-value reaches 80%. If you’re looking to purchase a new home, you can also waive mortgage insurance altogether by making a 20% down payment. Loan-to-value is calculated by dividing the amount you owe on your mortgage by the current value of your home.

Streamlining Your Mortgage Process

Appraisal Waiver Eligibility

Did you know that you might be eligible for an appraisal waiver? When purchasing or refinancing with a conventional loan, automated desktop underwriting systems may issue appraisal waivers, which can save you time and money in the process.

Your First Steps to Pre-Approval

Getting Started with Your Loan Application

To begin your journey towards mortgage pre-approval, start by gathering essential documents. You’ll need valid IDs, the last two years of W-2 forms, two months of your most recent bank statements, the last two years of tax returns, and one month of your most recent pay stubs. Once you have your documents ready, you can start your application confidently.