with VRM Lending LLC
Conventional Loans offer both fixed and adjustable rates up to a $510,400 loan amount in most markets and can be even higher in higher cost areas. Conventional loans have very competitive rates and offer terms from five to thirty years.
Call us or complete our pre-approval application today to get started.
WHAT YOU CAN EXPECT
Conventional Loan Features:
- Can be used for purchases, rate and term refinances and cash out refinances
- Cash out up to 80% of your home’s value
- Debt to income ratios up to 50%
- Can be used for primary, secondary or investment properties
- Can be used for condos, single family homes and up to 1-4 unit properties
- Conventional loans offer options with NO PMI even without a large down payment
- Credit score down to 620 can be approved
- Same day pre-approval
- A month without mortgage payments
- First time home buyer programs with as little as 3% down payments
- Options both with and without escrows or impounds