Conventional Loans

Conventional home loans quite simply are defined as loans that are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Borrowers with a stable job, income and good credit are great candidates for conventional home loans.

It’s more

Flexible

Compared to government-backed products, conventional home loans are more flexible in their terms and have fewer restrictions. For instance, conventional home loan borrowers can avoid the cost of private mortgage insurance(PMI) when they make the standard 20% down payment. Or they can choose to pay for PMI but make a smaller down payment.

Other advantages to conventional loans include:

  • Fewer penalties and fees
  • Good interest rate for borrowers with good credit
  • Flexible terms (length)
  • Option for second home purchases
  • Flexible need for mortgage insurance
  • We offer several Conventional Home Loan options.

Elite Mortgage offers conventional loans as 30-year and 15-year fixed rate options, as well as adjustable-rate mortgages. We also are available to help you with high-dollar conventional home loans that are known as “jumbo” loans.

If you are looking for a conventional home loan then Elite Mortgage can help you. Please contact a Elite Mortgage home loan experts. Our team is at your disposal.

Contact your favorite agent

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ANTHONY EDWARDS
From beginning to end, they were informative, extremely thorough and attentive to our financial needs, thus making sure that we were getting the best deal possible. We enjoyed working with them and would recommend Elite Mortgage to anyone.
ANTHONY EDWARDS
Client
From beginning to end, they were informative, extremely thorough and attentive to our financial needs, thus making sure that we were getting the best deal possible. We enjoyed working with them and would recommend Elite Mortgage to anyone.
ANTHONY EDWARDS
ANTHONY EDWARDS
Client
CHARLOTTE COOPER
My husband and I had a wonderful experience working with Elite Mortgage in refinancing our home mortgage. They gave brilliant service and always kept me informed of what was happening and at what stage my application was at.
CHARLOTTE COOPER
Client
My husband and I had a wonderful experience working with Elite Mortgage in refinancing our home mortgage. They gave brilliant service and always kept me informed of what was happening and at what stage my application was at.
CHARLOTTE COOPER
CHARLOTTE COOPER
Client
JAYDEN MOORE
I was given the best advice, support, and help. All in all, I really couldn't imagine my home-buying process being any easier. Even now that the deal is done I would still feel 100% comfortable calling Elite Mortgage with any questions.
JAYDEN MOORE
Client
I was given the best advice, support, and help. All in all, I really couldn't imagine my home-buying process being any easier. Even now that the deal is done I would still feel 100% comfortable calling Elite Mortgage with any questions.
JAYDEN MOORE
JAYDEN MOORE
Client
LISSA DURBIN
I am extremely excited and happy that everything has gone well! I just want to write a quick note to let you know how much I appreciate all the help that you have given me for the past weeks with the process of my conventional loan.
LISSA DURBIN
Client
I am extremely excited and happy that everything has gone well! I just want to write a quick note to let you know how much I appreciate all the help that you have given me for the past weeks with the process of my conventional loan.
LISSA DURBIN
LISSA DURBIN
Client

Loan Types