Conventional loans
Minimum Requirements for a Conventional Loan
Good Credit Score: Typically a credit score of 620 or higher is required.
Stable Income: A steady source of income to meet monthly mortgage payments.
Low Debt-to-Income Ratio: Generally below 43% to qualify.
Down Payment: Minimum down payment requirement is usually around 3% to 20% of the home's purchase price.
Property Appraisal: The property must meet appraisal requirements.
Benefits of a Conventional Loan
Competitive Interest Rates: Enjoy attractive interest rates that can save you money over the life of the loan.
Flexible Terms: Choose from a variety of term options to find one that fits your financial goals.
Straightforward Application Process: Our streamlined application process makes it easy and convenient to apply for a loan.
Exceptional Customer Service: Our team provides personalized solutions and guidance throughout the loan process.
Customized Financial Solutions: Tailored loan options to meet your specific financial needs and homeownership goals.
Apply for a conventional loan with Mack Davidson - Saxton Mortgage today and let our experienced professionals help you achieve your dream of owning a home.