Conventional Loans

Interested in learning about Conventional Loans?

Conventional Loans (also known as Home Loans) are any mortgage loans which are not guaranteed or insured by the federal government. Initially these loans were the first traditional mortgage loans made by local lenders, and held in their investment portfolio. Although today some lenders still keep these loans in their portfolio, most sell them to the secondary market.

Here a few key points to qualify for a Conventional Loan:

  • THE PROPERTY HAS TO BE 1-4 PRIMARY OR AN INVESTMENT PROPERTY.
  • YOU ONLY NEED 3% DOWN ON SINGLE FAMILY HOME.
  • THERE ARE NO MI WITH 20% DOWN OR MORE.
  • FOR A SINGLE FAMILY HOME YOU NEED 5% DOWN, AND THERE’S NO MI.

The rules about what a lender can and can not do in Conventional Loans, is determined by the loan’s final destination. Because a majority of all conventional loans are sold to the secondary market, those guidelines have become the general standard for conventional mortgages. By partnering with the leading lenders in the industry, eMortgage Tech is capable and ready to get you qualified for a Conventional Mortgage.

Don’t Delay your dreams another minute! Let’s get started.

Simply head over to our Get Qualified page and fill out the form. One of our mortgage specialists will contact you with within 48 hours.


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