Low Rates with More Flexibility
Conventional loans are home loans that are not issued or guaranteed by the government, or is not a part of a specific government program. Conventional loans are issued by private lenders. These loans adhere to the guidelines set by Fannie Mae and Freddie Mac. They may have either fixed or adjustable rates. Conventional loans can be used for primary residences, second homes, and investment properties. Conventional loans have occupancy stats requirements, loan to value requirements, and credit score requirements.
Utah conventional mortgages take into account your credit score, income, and property information for the home you hope to buy. While anyone is able to apply for a conventional mortgage not all applicants will qualify. The best way to find out if you can qualify for a conventional mortgage is to find a mortgage loan officer. Your loan officer gathers together any and all information needed and submits your documentation to a Veritas Funding Underwriter for review. Once this information has been reviewed, we will let you know if you will qualify for a mortgage and the loan amount that you may qualify for. Keep in mind that the actual amount to be loaned will depend on not only your information but also information on the property you choose.
To see if you qualify for a conventional home loan contact a mortgage professional. Typically, you will need:
Once you have this information gathered and submitted your individual situation will be assessed to see if you will qualify for a conventional mortgage.
There's a lot that goes into qualifying for a home loan. Factors such as credit score, debt, income and more play a huge part of the decision making process. Consider taking my questionnaire and we'll discuss your mortgage options.
First Time Homebuyer
Want a clearer picture of the home buying process? Tap the book below to download my 14-page first time home buyer booklet.
Scott Buehler - Add to Contacts!
Loan Officer & Originator
43 S 100 E, Suite 200
St. George, UT 84770
Utah Lic #10929807
Copyright ©2020 Scott Buehler licensed with Veritas Funding, NMLS#252108. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Veritas Funding is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
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Address: 7730 South Union Park Ave, Suite 200. Midvale, UT 84047
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