Conventional Loans

Conventional Purchase and Refinance Transactions

Conventional loans are an option for borrowers wishing to purchase a primary residence, second home, or investment property, or for those wanting to refinance. Fannie Mae and Freddie Mac offer a variety of conventional loans with lower down payment options. Contact one of our licensed loan officers today to apply!

 

Fannie Mae and Freddie Mac up to 97% LTV

Fannie Mae and Freddie Mac offer a lower down payment program for creditworthy borrowers who might not have the assets available for the larger down payment mortgage programs.  A borrower generally must have a good credit history, have acceptable assets to close, a stable employment history, along with having an appraisal ordered for the transaction. Contact one of our licensed loan officers today to apply!

 

Fannie Mae HomeReady

Fannie Mae offers a great program for borrowers wishing to purchase a primary residence with an affordable, lower down-payment mortgage for creditworthy low-to-moderate income borrowers.  In addition, this program has some expanded eligibility options for financing homes in lower-income communities. Contact one of our licensed loan officers today to apply!

 

Freddie Mac Home Possible & Home Possible Advantage

Freddie Mac offers Home Possible mortgages with lower down payments for low-to-moderate-income buyers in high-cost or underserved communities.  Contact one of our licensed loan officers today to apply!

 

Fannie Mae HomeStyle

The HomeStyle renovation mortgage allows borrowers to include financing for home improvements for purchases or refinance transactions for an existing property.  It is a cost-effective way to renovate or improve a home! Contact one of our licensed loan officers today to apply!

 

Conforming High Balance Loan Limits

High-balance mortgage loans are subject to high-cost area loan limits set on a yearly basis by the Federal Housing Finance Agency (FHFA).  Fixed-rate mortgages and adjustable-rate mortgages are eligible under this program. Contact one of our licensed loan officers today to apply!

 

Benefits of Conventional Mortgages

• Buyer has immediate equity in the property
• No private mortgage insurance is required with a 20% down payment
• Lower overall interest rates
• Lower closing costs and fees
• Closing costs and fees may be included in the loan
• Repayment terms are generally more favorable
• Fewer governmental hurdles, making the loans quicker to process

Find Us

Success Mortgage Partners, Inc.

3237 Satellite Blvd. Building 300 Suite 500
Duluth, Georgia 30096
404-585-0249
FAX: 404-850-8720
info@smprate.com
NMLS: 130562