Conventional Loans – Understanding the Basics

A conventional mortgage adheres to the guidelines set forth by Frannie MaeĀ® and Freddie Mac.

What are the benefits of a conventional loan?

  • Maximum loan limits have been increased!
  • Primary Residences up to 97% financing
  • Second Homes or Vacation properties up to 90% financing
  • Investment Properties up to 80% financing
  • Condo financing subject to additional terms and conditions based on the project
  • Flexible PMI (Private Mortgage Insurance) options when available
  • Minimum credit conditions will apply and sufficient equity will be required on all programs

Are you interested in a conventional loan?

Family standing in front of a sold sign
 

Metroplex Mortgage Services is known for our overall mortgage expertise experience and how we help homebuyers walk through the qualifying process step-by-step. Whether it be USDA, VA, FHA, or Conventional loans, just call or email to discuss your scenario and let us show you the “Metroplex” difference.

(800)806-9836 Ext. 280
PreQualify@MPLX.org

If you are in the market for a home, it is important to become pre-qualified. You can get started in less than 5 minutes! Or you may contact us with any questions you may have.