Conventional Loans In Chicago

Do you have a strong credit score and history? Have you saved up for a down payment to buy a home in the Chicago area? If so, you may qualify for great terms and rates with a conventional loan.

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The Benefits Of A Conventional Loan

Purchasing Flexibility

You have more choices for a property because conventional loans aren't as limiting as other types of loans.

Fewer Fees

You'll save on fees, some of which can add up to significant savings for your monthly mortgage payment.

Mortgage Insurance Perk

If you have 20% or more to put down on a home, you won’t be required to pay Private Mortgage Insurance (PMI).

Lower Interest Rate

Typically, the interest rate for a conventional loan will be lower than that for an FHA loan.

Do I Qualify?

Here are the requirements if you’re considering applying for a conventional home loan.

  • Credit Score Of At Least 620
  • Down Payment Of At Least 3%
  • Debt-To-Income Ratio No More Than 45%
  • Appraisal To Verify Home's Value And Condition

Frequently Asked Questions

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Why We Do What We Do

Communication, respect, and responsiveness are very important to me and I cannot say enough about Kevin and MacAsh when it comes to these attributes. I highly recommend them not only for this but for the superior rates he was able to secure me. Great communication every step of the way via email, call, and text.
jsilva125, Chicago, Illinois

Have Questions? Want To Check Rates?

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