What are conventional loans?

Conventional loans are mortgage loans that are not insured or guaranteed by the government. They typically require a higher credit score and a larger down payment compared to FHA or VA

How do conventional loans work?

Conventional loans work by providing financing for home purchases or refinancing without government backing. They are offered by private lenders and follow guidelines set by Fannie

What are the benefits of conventional loans?

Conventional loans offer flexibility in terms of loan amounts, repayment terms, and property types. They also allow borrowers to avoid mortgage insurance if they have a down payment of at least 20%.

What are the eligibility requirements for

To be eligible for a conventional loan, borrowers typically need a credit score of at least 620, a stable income, and a debt-to-income ratio of 43%

Can I use a conventional loan to buy a second home or

Yes, conventional loans can be used to finance the purchase of a second home or investment property. However, lenders may have stricter requirements and may require a larger down payment.

How can I apply for a conventional loan?

To apply for a conventional loan, you can contact a mortgage lender or use an online application. The lender will review

How can Valley Funding help with my

Valley Funding is committed to helping you navigate the conventional loan process.

Testimonials

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4.4 from 1,400+ customers

Excellent Service

Valley Funding exceeded my expectations with their exceptional service. They were prompt, professional, and helped me secure a great rate on my

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Sarah Davis

Smooth and Efficient Process

Valley Funding provided a smooth and efficient process for my conventional loan. The team was friendly, knowledgeable, and kept me informed every step of

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John Doe

Great Experience with Valley Funding

I recently obtained a conventional loan from Valley Funding and I couldn’t be happier. The process was smooth, the rates were competitive, and the team was professional and responsive. I highly recommend Valley Funding for all your mortgage needs.

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Jane Smith

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Robert Johnson