HomeConventional Loans

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Conventional Loans

Avail of the top-rated conventional home loan services you require and deserve with our highly experienced and qualified team of mortgage lenders in the USA. The expert team of PierPoint Mortgage can help you get pre-approved for a conventional home loan so that you can start with the search for your dream home carefree.

You need to meet minimum income and credit requirements to qualify for a conventional home loan in the USA. One of our best home loan experts will sit down with you to explore your conventional home loan option to find a suitable option for you.

Before we move ahead, let’s discuss what is a conventional home loan and how it can help when you need financial assistance.

CHOOSE PierPoint Mortgage For Your New Home Purchase

A conventional loan is a type of mortgage that is not part of a specific government program, such as the Federal Housing Administration (FHA), the Department of Agriculture (USDA), or the Department of Veterans Affairs (VA) loan programs.

In easy words, a conventional loan is any mortgage or loan type that is not insured by the US government and usually has fixed rates and terms. however, a conventional loan is a good option when:

You have a ‘Non-purchasing’ spouse
You have an excellent credit score
You have at least 3% of your money available for down payments

Conventional loans are available through private mortgage lenders and banks only. Let’s go ahead and find out how a conventional loan works:

Conventional Information

How a Conventional Loan Works

Conventional mortgages are either fixed mortgages or adjustable-rate mortgages, including the 30-year fixed, 15-year fixed, hybrid ARMs, and interest-only loans. Conventional loans can be used to refinance a mortgage or for a new home purchase.

Conventional home loans can be conforming or non-conforming, with conforming to meet the standards set forth by government-sponsored enterprises, such as Fannie Mae and Freddie Mac.

Down Payment Options

Our best mortgage lenders offer a 3% down program for those clients who qualify, otherwise a 5% down program is available. You can always put down as much as you want 10%, 15%, 20%, or more.

Credit Requirements

Conventional loans require a higher credit score than an FHA or other government-sponsored mortgage. Conventional loans are meant for those with good to excellent credit history.

Benefits of Conventional Home Loans

A conventional loan is the best option for anyone who wants to purchase a bigger home, has a good credit score, and is willing to put down money. Conventional loans are easy to process and allow you to build home equity. Unlike FHA loans, conventional loans are also available for secondary residences. This type of loan also comes with the benefit of lower monthly payments. Some of the benefits of conventional home loans include-

A static interest rate so that you have stable monthly mortgage payments
Terms and conditions for you to choose from based on what works best for you and your financial capabilities
Competitive interest rates

As a licensed mortgage lender in the USA, our team can discuss your available options and find the right loan product for you.

Talk to PierPoint Mortgage

There’s no need to look any further to search for the best mortgage lenders in the USA. Our experienced and trusted conventional home loan experts can help you choose the best mortgage product. We have over 50 years of experience in the home loan and mortgage process. From pre-application to closing, you can rest assured that you will get the best possible assistance. Our team will ensure that your entire home loan process is as seamless as possible.

    Get Pre-Approved Now!


    Get Pre-Approved Now!


    Get Pre-Approved Now!


    Get Pre-Approved Now!

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    ABOUT US

    PierPoint Mortgage, LLC, was founded in 2003 and had been offering brilliant services ever since. It is a nationwide mortgage broker that has over 50 years of mortgage experience.

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