Conventional loans are one of the most popular mortgage options for homebuyers who have good credit and steady income. These loans are not backed by the government, which gives borrowers more flexibility in terms and property types.
Typically, borrowers with a credit score of 620 or higher and a stable income are eligible. Typically you will have better terms if your score is 680 or higher. Below 680 you may want to consider an FHA loan.
As a local mortgage expert, I help you understand your best options, walk you through each step, and ensure you get the best possible rate for your situation.