We’ll work closely with you to determine if a conventional mortgage loan is right for your situation.
There are quite a few options available for those who want to finance a home, and conventional mortgage loans are among the most popular. They offer excellent flexibility, competitive rates, and straightforward terms for qualified buyers. Here at Harbor Mortgage Company, we’ve helped numerous clients find the perfect conventional mortgage loan for their unique situation, and we’d love to work with you if you’re looking to buy a home in the Bloomingdale, Georgia area.
Unlike government-backed loans, such as an FHA, VA, or USDA loans, a conventional mortgage loan is issued by a private lender and will generally conform to the guidelines established by Fannie Mae or Freddie Mac. The key benefits of a conventional mortgage loan include:
- Lower Mortgage Insurance Costs
- Flexible Down Payment Options
- A Variety of Terms
- Property Flexibility
Every borrower’s situation is unique, and our team will work closely with you to assess your financial situation and whether a conventional mortgage loan is right for your current position and goals. Conventional loans typically work well for borrowers with stable employment and income, good or excellent credit scores, at least some savings for a down payment and closing costs, and long-term homeownership plans.
Even if you don’t meet all of those criteria, there may be a conventional mortgage loan option that suits your situation. For example, there are options designed specifically for first-time homebuyers, self-employed individuals, and those who have a unique financial background. We’ll help you examine all the angles and find what works for you.
To learn more about conventional mortgage loans or to talk with our friendly and knowledgeable team members, simply contact our office!
At Harbor Mortgage Company, we offer conventional mortgage loans to those in Savannah, Bloomingdale, Fort Stewart, Garden City, Georgetown, Hinesville, Pooler, Port Wentworth, and Richmond Hill, Georgia, as well as Bedford, Carrollton, Colleyville, Coppell, Flower Mound, Grapevine, and South Lake, Texas.
