Conventional loans are loans that aren’t back by the Federal Government directly. They offer a range of down payment, mortgage insurance and terms.
Conventional Loan Highlights
- Works well with higher credit scores…but not a requirement!
- Down payments as low as 3%. Usually your best choice if you have more than 20% to put down.
- Loans up to $726,525 in Colorado!
- Can be combined with 2nd mortgages to eliminate mortgage insurance with less than 20% down.
- Pay your mortgage off at any time without pre-payment penalties
Why work with Custom Lending?
- We know how to structure loans that fit your situation!
- We will show you why each option does or doesn’t make sense.
- We explain all costs in detail and let you pick the rate that works for you.
- Many of our loans don’t require an appraisal or have a reduced cost appraisal.
- Fast and efficient, we can easily close most loans in less than 30 days.
Got questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!