Conventional Home Loan Information with Shawna Downs, Mortgage Loan Originator

Conventional Home Loan Information with Shawna Downs, Mortgage Loan Originator. Reliable Gilbert Arizona Loan Officer - Jake Taylor - Reliable Gilbert Arizona Mortgage Loan

Conventional Home Loan Information with Shawna Downs, Mortgage Loan Originator video duration 29 Second(s), published by Security First Financial on 17 07 2019 - 16:44:17.

A conventional home loan is one that is not backed by the government, and Fannie Mae and Freddie Mac set the guidelines
First-Time Home Buyers can put as Scott Handley with WESTERN PIONEER UNIVERSITY explains how to properly follow up after you close the transaction.

A conventional home loan is one that is not backed by the government, and Fannie Mae and Freddie Mac set the guidelines
First-Time Home Buyers can put as https://www.levelupacademy.co/simulate-a-funnel Are you looking for a Gilbert Arizona mortgage banker? Search no more! Jake Taylor of the Jake Taylor Team at Pilot Mortgage, LLC is a licensed Arizona loan .

A conventional home loan is one that is not backed by the government, and Fannie Mae and Freddie Mac set the guidelines.

First-Time Home Buyers can put as little as 3% down, but if the borrower puts 20% or more down, then that eliminates the need for mortgage insurance.

Conventional home loans are generally the most common option for borrowers.

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Requirements:

- Down Payment: Minimum of 3% for First-Time Home Buyers

- Credit Score: 620 minimum

- Mortgage Insurance: Yes, if down payment is under 20%

- Maximum Loan Limit: Yes, varies by county

Key Features:

- Relatively faster home loan processing

- Generally better interest rates and loan terms.

- Opportunity to reduce or avoid a Mortgage Insurance Premium