Conventional Home Loans with GSF Mortgage

A conventional loan is one that is not backed by any government entity such as FHA or VA. Who may benefit from a conventional mortgage? Conventional mortgages are ideal for buyers with excellent credit and can afford a down payment between 5-20%. There are options such as a Fannie Mae Home Ready Mortgage for down payments on conventional loans with as little as 3% down. If you are putting less than 20% down you will be required to carry monthly mortgage insurance also known as private mortgage insurance (PMI).

Benefits of Conventional Loans

  • Buyer has immediate equity in the property
  • No private mortgage insurance is required with a 20% down payment
  • Lower overall interest rates
  • Lower closing costs and fees
  • Closing costs and fees may be included in the loan
  • Repayment terms are generally more favorable
  • Fewer governmental hurdles, making the loans quicker to process

Let us help you get the loan you're looking for.

To learn more about a program, submit your information via the short form and one of our loan originators will reach out and begin working on developing your home purchase plan.