Conventional Home Loans for Purchase and Refinance
A loan that fits the life you're building.
A conventional loan is the most common type of home loan. It offers a wide range of choices, from how long the loan lasts to how much you put down, so it can be shaped around your plans.
Buying a Home with a Conventional Loan
Room to choose.
Pick the loan length, rate type, and down payment that fit your budget today and your plans for tomorrow.
Conventional Refinance Options
A fresh look at your loan.
A refinance can lower your rate or payment, shorten the time left on your loan, or turn part of your home's value into cash.
Second Homes and Investment Properties
Beyond your first address.
Conventional loans can also be used for vacation homes and rental properties. A real estate license held since 2005 means these conversations go beyond the loan itself.
Conventional Loans and Divorce
Moving the home into one name.
A conventional refinance is one of the most common ways to complete an equity buyout and remove a former spouse from the loan. How the settlement is written can affect which options are available.
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Frequently Asked Questions About Conventional Loans
What is a conventional loan?
A conventional loan is a home loan that isn't part of a government program like FHA or VA. It's the most common type of mortgage, and it offers a wide range of choices for buyers with steady income and established credit.
How much do I need to put down on a conventional loan?
It varies more than many people expect, and some conventional loans need far less than buyers assume. The right amount depends on your credit, your savings, and your plans, and it's one of the first things worked out together.
Do conventional loans have mortgage insurance?
Mortgage insurance may be part of a conventional loan when the down payment is smaller. Unlike some other loans, it can often be removed later, once you've built enough equity in your home.
What is the difference between FHA and conventional loans?
The main differences are flexibility and long-term cost. FHA loans can be easier to qualify for, while conventional loans may cost less over time for buyers with stronger credit, partly because their mortgage insurance can often be removed. Comparing both side by side is the clearest way to see which fits.
Can I use a conventional loan for a second home or rental property?
Conventional loans can be used for primary homes, second homes, and investment properties. Requirements differ for each, so the details depend on how you plan to use the property.
How do I remove my ex-spouse from a mortgage?
Removing a former spouse from a mortgage usually means refinancing the loan into one name, though some loans can be assumed instead. A deed change alone does not remove anyone from the loan, and how the settlement is written affects which options are available.
Where does Julie Crittenden offer conventional loans?
Julie Crittenden offers conventional loans in California, Arizona, Colorado, Florida, Mississippi, Oklahoma, Tennessee, Washington, and Wisconsin.
