Conventional Loans
It’s easy to get your arms around this one
Overview
A conventional loan is typically the most well-known type of mortgage. You have some options with the terms, so you can design a conventional loan that’s right for you.
Benefits
- A fixed rate option - do you plan on staying in this home longer than 7 years? Then a fixed rate might be right for you, locking in the rate for the length of the loan.
- Adjustable rate options - many times you can get a lower rate with an adjustable rate loan. And you can choose the length of time before the loan adjusts.
- A choice of loan lengths - you can decide the length of loan that’s right for you.
Which loan is right for you?
Fixed
Consider if you…
- Plan to stay in the home for 7 years or more
- Prefer fixed and consistent payments each month
Adjustable
Consider if you…
- Might move in the next 7 years
- Prefer to get a low monthly payment at the start of your loan
Become the boss of borrowing.
Money can help us do some pretty awesome things, like buy a house or a car (or a jet pack someday!) Get the Guide.
Crunch the numbers
Whether you’re looking to calculate how much home you can afford or how much you might pay each month, we have the tools to help you dominate the digits.
We got your back
We believe everyone should be the boss of borrowing. That’s why we have a team of home loan consultants ready to answer questions and help you navigate the process.
