When trying to determine if a fixed rate conventional loan best suits your situation, consider the following: Fixed-Rate Mortgage: Most conventional loans have a fixed interest rate for the life of the loan.

Available for a variety of property types including Single Family Dwellings, 2-4 units, Townhomes, Planned Unit Developments, Approved Condominiums, Second Homes, and Residential Investment Properties.

Loan-To-Values available with and without private mortgage insurance including 97% loan to value with 100% gift down payment feature.

Amount of the loan (available in amounts from $10,000 to $417,000)Ĭonventional mortgage loans are flexible:.

Requirements for these loans are determined by: If you qualify, conventional mortgage loans offer many advantages and they are often more affordable.Įvery day, thousands of new and existing homeowners close Fannie Mae and Freddie Mac mortgage transactions and fulfill their dreams of homeownership.

Rather than being insured by the Federal Government, conventional mortgage loans are insured by private mortgage insurance companies. The Money House, Inc., is an Equal Housing Lender.The Moneyhouse Conventional Loan is a traditional mortgage loan offered largely through the secondary market private agencies Fannie Mae and Freddie Mac. These materials and information are not from or approved by HUD/FHA. Not all programs will provide proceeds sufficient to pay off outstanding debts and liens filed of record. Programs and products noted may require the payment of upfront, annual and/or monthly private mortgage insurance premiums and/or mortgage insurance payments. For purchase transactions, property value is determined as the lesser of the final purchase price or the adjusted appraised value – refer to specific program qualification and eligibility guidelines offered by your professionally licensed Moneyhouse Mortgage Loan Originator for more details. For refinance programs, program imitations may include cash-out options and loan-to-value – refer to specific program guidelines offered by your professionally licensed Moneyhouse Mortgage Loan Originator for more details. Some programs referenced may require specific 3rd party or designated housing counseling requirements. You are encouraged to seek professional services assistance for accounting, legal and real estate matters relating to your contemplated transaction. Individual and property specific program qualification guidelines including borrower and property eligibility should be discussed with a professionally licensed Moneyhouse Mortgage Loan Originator. This information is not a loan commitment, loan approval, or offer to lend. Terms, features and benefits for specific loan programs and information provided are subject to change without notice. Not all programs, references, products, options and terms indicated are available in all states. Talk to one of our professional experienced Mortgage Loan Originators today at (toll free) 800.405.4554 or email us at We are available 24 hours a day, 7 days a week. Refinance Loan is only available in the U.S. Use our Mortgage Calculator below to see an example of the estimated savings a refinance may provide for your situation. Other important decisions you’ve been thinking about.Attend to health conditions, yours and family members.Lower the interest rate of your present mortgage in a competitive rate environment.Consolidate debts into one low monthly payment.

Eliminate high interest credit card debts.Reduce your payments, consolidate debts, renovate, lower your interest rate, replenish your cash reserves or make lifestyle decisions are but a few of the options that can be addressed with a refinance mortgage loan. Whether you choose an FHA insured or conventional mortgage loan product, refinancing your present home may be one of the most important components of a long–term financial strategy which you can consider today.Ĭompetitive interest rates, a variety of programs and features, low or no closing cost options, less stringent guidelines, the ability to switch to a different type of mortgage program and/or term and even the possibility of cash out are some motivating factors to consider.

Moneyhouse scents