Conventional Loan

Traditional financing made easy.

Conventional mortgages are a trusted choice for many homebuyers, offering flexibility and stability whether you’re purchasing or refinancing your home. With options ranging from 10 to 30 years and the choice between fixed and adjustable-rate mortgages, you can find a loan that perfectly fits your life. While these loans aren’t backed by the government, they offer the security of being sold to Fannie Mae or Freddie Mac.

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For many, the peace of mind that comes with the consistent monthly payments of a fixed-rate mortgage makes budgeting simpler. But if you’re looking for more flexibility, an adjustable-rate mortgage (ARM) could be the ideal choice. Your Radiant Loan Officer is here to listen to your needs, guide you through both options, and help you find the best path to achieving your homeownership dreams.

Key benefits of a
conventional mortage loan

Lower Interest Rates

Conventional loans often come with competitive interest rates, especially for borrowers with strong credit.

Flexible Loan Terms

Borrowers can choose from a variety of terms, including 10, 15, 20, and 30-year fixed or adjustable-rate options.

No Private Mortgage Insurance (PMI) with 20% Down

If you put down 20% or more, you can avoid paying private mortgage insurance, which can lower your monthly payments.

Wide Range of Property Types

Conventional loans can be used for primary homes, second homes, and investment properties.

Higher Loan Limits

Conventional loan limits can be higher than government-backed loans, making them ideal for buyers in high-cost areas.

No Upfront Mortgage Insurance Fees

Unlike FHA or VA loans, conventional loans do not require upfront mortgage insurance fees, helping to reduce closing costs.