Conventional Loans

A conventional, or conforming, fixed rate mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. The payment remains constant and completely pays off the loan at the end of the term. We shop several lenders to make sure you get the lowest rates available at any given time with lower fees than banks and credit unions can offer.

Conventional loans carry low rates and costs and home buying flexibility. Let’s take a look at some of the conventional loan program highlights:
– You can use a conventional loan to purchase a primary residence, second home or investment property.
– Down payments can be as low as 1%.
– Lower mortgage insurance costs than the FHA loan option.
– Loan terms are usually between 10-30 years

The maximum loan amounts vary per county. Please call me for specific information at 619-255-3182 for more details.

Whether you are looking to purchase or you are a homeowner looking to refinance your current mortgage, Wenhe Mortgage and Realty can help you.

Click here to get pre-qualified today