Conventional Loans

Conventional Loans

I specialize in helping homebuyers and homeowners throughout Frisco, McKinney, North Dallas, and surrounding areas find the perfect conventional loan to suit their needs. Whether buying your first home, refinancing, or investing in property, I offer personalized loan solutions with competitive rates and exceptional service. I am dedicated to guiding you through every step of the mortgage process, ensuring a smooth and stress-free experience from start to finish. Let me help you secure the home loan that's right for you. Contact me today at (214) 336-5840 or email james@jameshoglen.com to get started!

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Traditional Mortgages

Conventional loans are popular for many homebuyers and homeowners looking to refinance. These are traditional mortgages that are not insured or guaranteed by the government. Unlike FHA loans backed by government agencies, conventional loans are supported by private entities. These agencies help provide stability and liquidity to the mortgage market by buying loans from lenders and selling them to investors, ensuring lenders can continue offering these loans.

 

When you apply for a conventional loan, you must meet specific requirements determined by your mortgage specialist. While all conforming loans are traditional, not all conventional loans are conforming. Conforming loans must meet additional criteria, such as loan limits set by Fannie Mae and Freddie Mac.

Why Choose a Conventional Loan?

  • Ideal for Those with Good Credit: Conventional loans can be a great option if you have a credit score of 620 or higher. Even with a lower credit score, you may still qualify but face a higher interest rate.
  • No Private Mortgage Insurance (PMI) with 20% Down: If you can make a down payment of at least 20%, you won't have to pay for private mortgage insurance (PMI), which can lower your monthly expenses.
  • Flexible Property Use: Conventional loans offer flexibility, allowing you to purchase investment properties, second homes, or vacation properties. You're not required to make the property your primary residence, making these loans an excellent option for real estate investors.

If you're ready to explore your conventional loan options, James Hoglen  is here to guide you through every step of the process. Let me help you secure the right mortgage with competitive rates and exceptional service. Contact me today to discuss how a conventional loan can work for you!

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