Conventional Home Loans
Convention Mortgage programs from custom mortgage are some of the best in the industry. Contact us today to find out more.
Available for Purchases, Cash-Out Refinance, Rate and term refinances
Terms available: 10, 15, 20, 25, 30 yr fixed and 15, 30 yr fixed for High Balance
Eligible Borrowers: U.S. Citizens, Permanent Resident Alien, Non-Permanent Resident Alien
Residence Types:
OO Primary residence
2nd homes
1-2 unit properties
FNMA approved condos and PUDs
Manufactured housing
Non-Owner occupied - Investment properties
Ineligible Property:
3 - 4 unit properties
Non-Approved and non-warranty condos
Co-ops, Condotel and lodging units
Single-wide manufactured home
Loan Amount: Conforming and High Balance loan limits (click here)
Max LTV:
Primary Residence = 97% for Purchase and rate & term refinance *** 85% for cash out refinances
Non-owner = 85% for purchase & rate & term refinance *** 85% for cash out refinances
Minimum FICO: 620
Mortgage Insurance: Follow DU findings. Standard MI coverage required.
