Save thousands of dollars with a 15-year Conventional mortgage!
Your Quick Guide on a 15 Year Conventional
Mortgage...
Do You Qualify?
As a rule of thumb, it may be harder to qualify for Conventional loans than for Government loans (FHA, USDA,VA). Reason being that conventional loans generally require a higher credit score. Another thing to consider is that Conventional loans usually require a higher downpayment than Government loans and typically have lower debt to income ratios (DTI).
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Our 15-Year Fixed Rates Are Low & Our Process is Quick & Easy
This type of Conventional loan is fully amortized over a 15-year period and features fixed monthly payments. It offers all the advantages of a 30-year Conventional loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.
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Get started today with our FREE Mortgage Qualifier We’ll help you understand the difference between a 30 year and a 15 year Conventional mortgage, and allow you to choose the one you prefer.
Here’s how our home loan process works:
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Complete our simple Mortgage Application
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Receive options based on your unique criteria and scenario
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Compare mortgage interest rates and terms
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Choose the offer that best fits your needs
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