- enrightm@casonhl.com
- 647 E Main St Lancaster, OH 43130
Free Consultation
(614) 915-5450
Conventional Fixed Loans
About Conventional Fixed Loans
What are Conventional Fixed Loans?
A conventional loan is a mortgage loan, which is not insured or guaranteed by any agency of the state or federal government. These fixed rate loans are available in 10, 15, 20 and 30 year terms. These loans often provide quicker loan approvals than with FHA or VA.
- Great Option For
- No Interest Rate Increases
- Faster Processing, Less Documentation
- Borrower(s) Qualifications
- Loan Amount - The loan amount for a conforming mortgage is generally limited to $424,100 for a single-family home, though limits may be higher in regions where home prices are higher
- Down Payment - Most conventional loans will require at least 5 percent (and optimally 20 percent or more) as a down payment
- Credit History - Conventional loans are a good choice for borrowers with excellent credit, which generally means a FICO score of 740 or higher. There are also established guidelines for income and other personal financial information
Matthew Enright
(614) 915-5450 | enrightm@casonhl.com
Contact Matt Enright to Get Started on Your Conventional Fixed Loan
Lets Start the Conversation
Matthew Enright (NMLS# 1534960) is your senior loan officer with Cason Home Loans. As a Columbus Ohio mortgage loan advisor, Matthew Enright can help you achieve your vision for your future home!
iapproveohio.com consists of a group of licensed mortgage advisor’s employed by Mortgage300 Corporation NMLS# 162651. The company’s licenses can be viewed here: Licensing (link to https://www.casonhomeloans.com/licensing/). The company’s website is here: https://www.casonhomeloans.com.
Contact
- 647 E Main St Lancaster, OH 43130
- enrightm@casonhl.com
- (614) 915-5450
- Mon - Fri : 8am - 8pm
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