Conventional Home Loan
Less Paperwork and Faster Closing Times
What Is A Conventional Home Loan
Key Benefits Of A Conventional Loan
Frequently Asked Questions
Most frequent questions and answers
A credit score that is at least 700, is what you should shoot for here as a minimum. Your objective should be 740. With a credit score of 740+ the best rates and deals will be available to you. If you pull your credit and your score is below 740, take the time to improve it if you can. The time will definitely pay for itself in the form of lower interest rates.
If you are looking for a conventional loan, you may need to include a guarantor if you do not have a long credit history. The guarantor is a third party who signs onto the loan and guarantees to pay if you default. A guarantor can also lower your risk profile and get you a better interest rate: They are often used as a strategy as well as a fulfillment.
Fees for inspections and appraisals will need to be escrowed. Even though you can most likely roll these costs into the loan they will need to be escrowed up front.
Government loans have many benefits upfront, Lower down payment requirements and not so strict on the credit requirements are certainly appealing. However, if you meet the criteria for a conventional home loan, you pay tens of thousands of dollars if not hundreds of thousands over the term of the loan.
Discuss Loan Options
I would like to discuss my loan options
I would like to apply for my loan myself
I am shopping for a home and would like to pre-qualify for my price range.
Should I rent or buy a home in Florida The pace of life can be so quick that we have a tendency to blow by
Cash Grants for First Time Home Buyers When was the last time somebody credible offered you thousands of dollars in free money? For most of
Short Form Application
Finding you the best rates and terms to fit your loan starts here.
Someone from CambridgeHomeLoan.com will be contacting you shortly. CambridgeHomeLoan.com will be with you every step of the way to help you with your financing needs.