- Loan Options
- Conventional Mortgage
Conventional Mortgage
Conventional loans are mortgages offered by private lenders, not backed by the government, often requiring good credit and a down payment but providing more flexibility in terms and options.
THE DETAILS:
Standard Conventional Loans are great for any borrower! Whether you’re a first-time homebuyer, looking to purchase a second home, interested in purchasing an investment property or looking to refinance your current mortgage’ RAM Mortgage Partners, LLC offers a variety of conventional loan options to fit your needs.
ADVANTAGES :
- Purchase programs with as little as 3% down (owner-occupied)
- Fixed-Rate Mortgage options available with 10 to 30-year terms
- Adjustable Rate Mortgages (ARMs) available with low interest rate and adjustable payment over time
- Possibility of eliminating mortgage insurance
- Minimum Credit Score of 620