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Conventional Loans

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Your Guide to Conventional Loans with Pacific Mortgage Group

At Pacific Mortgage Group, we proudly serve veterans, active-duty military personnel, and their families across California, Florida, Oregon, Nevada, Colorado, and Washington. Our mission is to help you navigate the journey to homeownership with ease, thanks to the benefits of Conventional loans.

Whether you’re a first-time buyer or looking to refinance, our conventional loans offer flexibility and competitive rates to suit your needs.

What is a Conventional Loan?

A conventional loan is a mortgage that is not backed by a government agency. These loans are typically conforming, meaning they adhere to the guidelines set by Fannie Mae and Freddie Mac. With a conventional loan, you can enjoy benefits like:

  • Flexible Terms: Choose from a variety of loan terms to fit your financial goals.
  • Competitive Rates: Take advantage of market-driven interest rates.
  • No PMI with 20% Down: Avoid private mortgage insurance by putting down 20% or more.

Why Choose a Conventional Loan?

Conventional loans are popular for their versatility and potential cost savings. They are ideal for borrowers with strong credit profiles and the ability to make a down payment. Here’s why they might be the perfect fit for you:

  • Lower Overall Costs: With no upfront mortgage insurance fees, conventional loans can be more affordable over time.
  • Wide Range of Property Types: Finance everything from single-family homes to condos and investment properties.
  • Flexible Down Payment Options: While 20% is standard, you can put down as little as 3% with certain programs.

Qualifying for a Conventional Loan

To qualify for a conventional loan, lenders typically assess:

  • Credit Score: A higher score can help you secure better rates.
  • Income and Employment: Stable income and employment history are key.
  • Debt-to-Income Ratio: Lenders look for a manageable level of debt relative to your income.
  • Down Payment: While 20% is ideal, options exist for lower down payments.

The Exciting Path to Homeownership

Buying a home is a thrilling milestone, and with Pacific Mortgage Group, the process is as smooth as it is exciting. Our team is here to guide you every step of the way, ensuring you understand your options and feel confident in your decisions.

Licensed States

We proudly serve homebuyers in California, Florida, Nevada, Washington, Oregon, and Colorado. Wherever you are, our expert team is ready to help you find the perfect loan for your dream home.

At Pacific Mortgage Group, we believe that buying a home should be a joyful experience. Let us help you navigate the mortgage process with ease and excitement. Contact us today to get started on your journey to homeownership!

Ready to serve your home loan needs in California, Florida, Colorado, Oregon & Washington

Our team of experienced mortgage professionals is dedicated to understanding our clients’ needs and goals, and we provide personalized advice and guidance to make informed decisions.

We have a wide range of mortgage solutions to suit the unique needs of each client, including fixed and variable rate mortgages, home equity loans, refinancing options, and more. Our goal is to help our clients achieve their homeownership goals while keeping their best interests at the forefront.

Additional questions? Call us at (951) 717-4214 or contact us on Yelp.

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Call Pacific Mortgage Group Today

Call (951) 531-9139 to learn more about our services and schedule a visit. You can also fill out our contact form and we’ll be happy to get back to you as soon as possible.