Conventional

Achieve homeownership with a conventional loan offering flexible terms, competitive rates, and tailored solutions. Whether you’re buying your first home or upgrading, this loan provides stability and affordability without the need for government backing.

Affordable and Flexible Financing

Conventional loans offer affordable home financing without government backing, making them a popular choice among buyers with strong credit. These loans provide flexibility in loan terms, competitive interest rates, and options for both first-time buyers and seasoned homeowners. Borrowers who meet a 20% down payment can avoid private mortgage insurance (PMI), significantly reducing monthly costs and creating long-term savings. Refinancing options also allow homeowners to access equity, secure better interest rates, or lower monthly payments. Buyers can select from shorter loan durations to save on interest or longer terms for more manageable monthly payments. Additionally, conventional loans are suitable for investment properties and second homes, providing unmatched adaptability. These loans also offer a stable foundation for future refinancing or adjustments, ensuring homeowners can address evolving financial needs. For individuals seeking versatility, affordability, and long-term value, conventional loans remain a top choice.

Understanding the Home Loan Process

We’re here to guide you every step of the way, making each phase of the home loan process clear and straightforward.

Application & Pre-Approval

We begin by submitting your application and securing pre-approval from your lender. During this step, your financials, credit history, and loan eligibility are assessed. Pre-approval determines how much you can borrow and shows sellers you’re a serious buyer ready to make an offer.

Offer Accepted

Once your offer on a home is accepted by the seller, the real work begins. This milestone means that you’ve agreed to a purchase price, and your loan process moves forward. You’ll start working with your lender to finalize your financing, as both you and the seller move toward closing.

Processing & Underwriting

Once an application is submitted, the processing team reviews your documents and information. The underwriting process involves an evaluation verifying the accuracy of your financial details and assessing the risk associated with your loan. This step may require additional documentation.

Appraisal

An appraisal is conducted by a professional appraiser to determine the current market value of the property you intend to purchase. This step ensures that the property is worth the amount of money you are borrowing and provides the lender with confidence in the collateral for the loan.

Final Approval

After the underwriting and appraisal are complete, the loan receives its final approval. At this stage, the lender ensures that all conditions have been met, and all required documentation is in order. Once this is done, the loan is ready to close, and you’re just one step away from owning your new home.

Signing & Getting Keys

In the final step, you’ll sign all the necessary documents to officially complete your home loan and transfer ownership. This includes reviewing the final loan agreement and closing paperwork. Once everything is signed and the transaction is finalized, you’ll receive the keys to your new home!

Still have questions about loans or our process?

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Are You Ready to Start Your Journey Today?

Whether you're buying, refinancing, or exploring loan options, we're here to guide you every step of the way. Let’s find the right solution for you.

Conventional

A versatile mortgage loan option with flexible terms, ideal for both first-time buyers and homeowners.

All loans subject to credit and property approval. Interactive calculators are self-help tools. All examples are hypothetical and are for illustrative purposes only. Rates are not guaranteed until locked, and are subject to change without notice. The information here is not legal, tax or financial planning advice; please consult an appropriate licensed professional.

TX Disclaimer: Consumers wishing to file a complaint against a banker or a residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.
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