What is a conventional mortgage?

Conventional mortgages are home loans for amounts below the conventional loan limit of $417,000. Conventional loan guidelines typical require a minimum down payment of five percent on owner-occupied (non-rental) properties. However, some conventional loan programs may require less money down or no money down. Note that most lenders will require you to acquire private mortgage insurance if the down payment on your conventional mortgage is less than 20 percent.

Conventional loan guidelines tend to be strict but in return conventional mortgage rates for 30 year and 15 loans are among the lowest.

How can I obtain a conventional mortgage?

Metrocities Mortgage is a national direct lender providing conventional mortgages in all 50 states. We can quickly pre-approve you for a conventional home loan, free of charge. If you would like one of our conventional loan consultants to help you choose the right conventional loan program, or if you wish to obtain a personalized conventional mortgage rate quote, click here to get started or call toll free, 1-(800) 852-HERO.

We offer numerous conventional loan program options, including:

· Fixed rate and adjustable rate conventional mortgages
· First-Time homebuyer conventional mortgages
· 100% financing conventional mortgages
· Conventional mortgages for borrowers with “less-than-perfect” credit
· Combined 1st and 2nd trust deed conventional mortgages
· Stated-documentation/no-documentation conventional mortgages

We offer excellent conventional mortgage rates. And we can quickly underwrite, draw loan documents, and fund your conventional loan - all under one roof. With over 7,000 loan programs, and one of the nation's highest application approval rates, if there's a way to approve your loan, we'll find it! Click here to get started or call toll free, 1-(800) 852-HERO.

Our comprehensive array of loan programs, proprietary technology, and Heroic Customer Service^SM provide you with advantages other lenders simply can’t match. We’ll take the time to listen, and then custom-design a solution to meet your specific needs. Contact us today to learn more about how we can help make your home ownership dreams come true.