Who can benefit from this loan?
Conventional Loans are offered by private lending investors and are available in fixed and adjustable interest rates with varying terms, but in the current lending environment 15 and 30 fixed rate terms are the norms. As long as you can meet the down payment requirements for this loan type, it is a fantastic option for any home buyer.
Loan Program Details
- 5% minimum down payment requirement
- Maximum loan amount of $647,200
- Seller concession are limited up to 3-9% of sales price (please call for details)
- PMI required over 80% LTV
- Additional options are available