Conventional Loans: Is a Conventional Loan Right for You?

At Quest Mortgage Services, we understand that finding the right mortgage can be overwhelming. If you’re looking for a mortgage with low fees, a conventional home loan might be a great option for you.

Benefits of a Conventional Loan

Here’s what you need to know about the benefits and eligibility requirements of conventional loans.

Save Money

With a down payment of 20% or more, you can avoid paying for mortgage insurance, helping you save money over time.

Flexible Terms

At Quest Mortgage Services, we offer flexible mortgage terms to suit your needs. Choose from options including 30, 20, 15, or even 10-year terms.

Low Down Payment Option

You can qualify for a conventional loan with a down payment as low as 3%. This makes it easier to get started on your homeownership journey!

Conventional Loan Eligibility Requirements

To qualify for a conventional loan, you generally need:

  • A good credit score of 620 or higher.

  • A down payment, which can start at just 3%.

  • Consistent and documented income.

  • A low debt-to-income ratio.

If you’re considering a conventional loan, Quest Mortgage Services is here to help. Our experienced team can guide you through the process and find the best mortgage solution for you. Contact us today to learn more!