Conventional Home Loan
Conventional loans can have better interest rates than non-conventional loans and can be a great option for those with a 5 to 20 percent down payment.
Loans not guaranteed or insured by government agencies are known as conventional loans. These loans adhere to Fannie Mae guidelines. Fannie Mae, or Federal National Mortgage Association, is a corporation created by the federal government that buys and sells conventional mortgages. It sets the maximum loan amount and requirements for borrowers.
- Minimum of 5% Down
- 10, 15, 20, 25, or 30 years loan terms
- Fixed or adjustable interest rate
Offered in all areas of Utah. Each county has a Conventional Loan Limit up to $417,000.
Min Credit Score – 620
First-time Home Buyer – OK
Waiting Period for Prior Home ownership- No
Step 1 – Home Buyer Consultation – Together, in a short phone call, we determine if this program meets your mortgage needs.
Step 2 – Pre-Qualification – You can confidently begin your home search knowing you are pre-qualified for home you want.
Step 3– Find Your New Home – Go out and find a home you love!
Get Started Today
Financing a home can be stressful, time-consuming and full of pitfalls. Mortgages can be extremely complicated. No one wants to spend weeks of their time trying to arrange the best deal only to discover too late that the rate structure isn’t what they thought it was, the closing costs are higher than expected, and they could have gotten much better terms with another lender.
At Village Mortgage Inc, our job is to ensure our clients don’t face any unpleasant surprises at closing. As an experienced and knowledgeable broker, We can walk you through the entire financing process. We’ll evaluate your individual circumstances, compare the loan structures offered by all suitable lenders, and go over the terms of the mortgage with you before you sign.
The entire process will take a small fraction of the time you would spend on your own, and you’ll rest easy knowing exactly what you are signing. You will also know how your mortgage compares to other options and why this is the best deal for you.
Give us a call at 801-627-8888 and put a reputable mortgage broker with an outstanding record of client satisfaction to work for you today.