Are you looking for a range of payment options?
A Conventional Loan is a popular program if you want to put more money down and have a potentially lower monthly payment. While FHA and other government loans can have certain property restrictions, a Conventional Loan can be used on nearly all property types.
Begin your Conventional Loan journey today.
What are the benefits of a Conventional Loan?
01.
Faster Loan Process
The home loan process is more streamlined because the government doesn’t need to approve it. As a result, the process tends to move quickly, which means you get to move into your dream home sooner.
02.
Eliminate PMI (Private Mortgage Insurance)
Depending on the size of your down payment, you can eliminate or reduce the PMI you pay monthly. The fee is reduced based on the amount of your down payment. A 20% down payment eliminates the fee.
03.
Lower Interest Rates
A good credit score, stable income, and other criteria could qualify you for a lower interest rate reducing your monthly payment amount.
Conventional Loans in just 3 easy steps.
Are you thinking about applying for a Conventional Loan but not sure where to start? Don't worry - we have you covered! Keep scrolling to see the steps ahead of you.
Get pre-approved
Our mobile app, Mortgage Express, helps you get pre-approved quickly. It’s secure and you can upload all required documents straight into the app to save you time and energy.
Talk to a Mortgage Consultant
Your GVC Mortgage Consultant will keep you and your agent updated every step of the way with our Milestone Updates.
Close on your loan
Your Mortgage Consultant will assist you with everything you need and help you setup your closing appointment.