Conventional Loan
If you believe a conventional loan is the best choice for your new home purchase, get in touch with our team of mortgage brokers! With 20 years of experience, we are prepared to help you do everything necessary to get you into the house of your dreams.
Conventional loans are not backed or insured by the government in any way. Typically, this means they have fixed interest rates and terms. By far, these are the most popular mortgage choice for new homebuyers. If you have good or excellent credit, this may be the solution for you. However, if your credit is a little less than stellar, that’s alright — you could still qualify.
Why choose a conventional loan?
Conventional mortgages can save you money in the long run, particularly because of the larger down payment. These mortgage loans are also appealing to home sellers, allowing them to enjoy a quicker closing process. When it comes to choosing a loan, however, many people are drawn to conventional loans because of the lack of mortgage insurance payments and the lower closing costs.
At Bombay Mortgage, we would be happy to discuss your mortgage options and determine whether a conventional loan is the best choice for you. Get in touch with our team today to schedule your appointment. We look forward to working with you to purchase your dream home.