Conventional Home Loans
Right Start Mortgage offers a variety of conventional financing solutions with minimum down payments typically ranging from 3%-20% depending upon the product. Rates vary for conventional loans depending upon a number of variables including, but not limited to, the percentage of down payment, credit scores, kind of property being financed, and type of occupancy held (e.g. primary residence, second home, inventment property). Private mortgage insurance (PMI) may be required for loans with less than 20%-25%.
Why consider a Conventional Loan? Conventional mortgage programs are the most popular in the U.S. for multiple reasons. Borrowers who are able to put down at least 5%-20% may find better pricing than they can get through FHA, VA, USDA, or non agency products.
Wondering if a conventional mortgage is right for you? Contact us today for a free quote and home loan consultation - (800) 520-5626.