Conventional Loans
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Conventional Loans
Smart, Straightforward Home Financing
At LowCostMortgage, we believe conventional loans are one of the clearest and most flexible paths to homeownership. Designed with transparent terms and broad eligibility, these loans allow you to buy with confidence and at a cost you can plan for.
What Is a Conventional Loan?
A conventional loan is a mortgage not backed by a government agency. It is structured around guidelines set by private-sector entities (like Fannie Mae and Freddie Mac). Because of its private nature, it often offers more flexibility—but also requires stronger credit and financial discipline.
Why Choose a Conventional Loan?
Discover mortgage solutions perfectly tailored to your needs. We present competitive rates, flexible terms, and personalized options designed to make your homeownership dreams achievable. Explore our special offers crafted for various buyer needs—from first-time purchasers to seasoned investors.
Competitive Rates for Strong Credit
If you have good credit, you can qualify for lower interest and better terms.
No Upfront Guarantee Fee
Unlike some government-backed loans, there’s no large up-front insurance or guarantee premium.
Low Down Payment Options
Many conventional programs allow down payments as low as 3%
Fixed or Adjustable Rate Options
Choose from stable, long-term fixed rates or adjustable ones if you plan to refinance or move.
Cancel Private Mortgage Insurance (PMI)
Once your loan balance drops sufficiently, you can remove PMI and lower your monthly payment.
Multiple Property Types
Use conventional financing for primary homes, second homes, or investment properties, depending on the program.
Is a Conventional Loan the Right Fit?
A conventional loan often works best for borrowers who:
Have solid credit and stable income
Can manage a down payment
Want flexibility—whether fixed or adjustable rates
Plan to build equity and remove PMI over time
How the Process Works
Get Pre-Qualified
We review your income, credit, and goals to suggest the strongest conventional options for you.
Document Collection & Application
Submit pay stubs, bank statements, tax returns, and property info.
Underwriting & Approval
Lenders assess risk, verify documentation, and finalize your rate.
Closing & Funding
Sign closing documents, pay costs, and get your mortgage funded.
Watch How We Make Homeownership Simple & Stress-Free
From securing the right mortgage to finding the best loan options, we’re here to guide you every step of the way. Our short video explains how we help first-time buyers, families, and investors achieve their financial goals with competitive rates, flexible terms, and personalized support.
