Conventional Loans
Your path to homeownership starts here: explore our Conventional Loans
Achieve your home buying goals with Conventional Loans
Whether you're a first-time buyer or looking to upgrade to a new home, our Conventional Loans provide flexibility and competitive terms to suit your financial needs.
30-Year Fixed-Rate Mortgage
15-Year Fixed-Rate Mortgage
Adjustable Rate Mortgage
Your Conventional Loan companion
Find a skilled loan officer to help you secure your dream home with a loan tailored to your unique needs.
Understanding Conventional Loans
Conventional Loans are a popular choice for home financing because they are not backed or insured by the government. Instead, they are funded by private lenders, including banks and credit unions. These loans offer various benefits, including:
1. Competitive Interest Rates
Our Conventional Loans come with competitive interest rates, allowing you to lock in a favorable rate for the duration of your loan.
2. Flexible Down Payment Options
You can secure your dream home with a down payment as low as 3% of the home’s purchase price. Smart Rate Lending’s flexibility ensures you can become a homeowner without a significant upfront investment.
3. Loan Terms to Fit Your Needs
We offer a range of loan terms, including 15-year and 30-year options, allowing you to choose the repayment plan that aligns with your financial goals.
4. Private Mortgage Insurance (PMI)
For buyers with down payments less than 20%, Conventional Loans often require Private Mortgage Insurance (PMI). However, PMI can be canceled once you’ve built sufficient equity in your home.
Don't know where to start?
Contact us today to discuss Conventional Loans and take the first step toward securing your dream home.
Why choose Smart Rate Lending for your Conventional Loan?
Expertise
Our team of experienced loan originators understands the complexities of Conventional Loans and will guide you through the process with expertise.
Customization
We recognize that each homebuyer’s financial situation is unique. Smart Rate Lending tailors Conventional Loan solutions to meet your specific needs.
Competitive Rates
We continuously monitor the market to secure the most competitive mortgage rates, ensuring you get the best deal possible.
What to expect
Connect with our trusted advisors to find the perfect Conventional Loan and enjoy a smooth, stress-free lending journey.
Step One
Pre-qualify & gather financials
Share your financial details, and receive a customized loan estimate.
Step Two
Pre-approval coordination
After pre-approval, we’ll liaise with the escrow or title company.
Step Three
Review & approval
Upon offer acceptance, we’ll secure your mortgage rate via our underwriters. Once approved, we prepare for closing.
Step Four
Close & receive your funds
We’ll facilitate the closing and transfer funds to escrow for your home purchase completion.