Mortgage Program
Conventional Loans
Flexible Home Financing Options with Competitive Rates
Discover the Flexibility of Conventional Loans with Pied Piper Mortgage
Conventional loans are a popular choice for homebuyers who have strong credit and a stable income. Unlike government-backed loans, conventional loans are offered by private lenders and can provide more flexibility and lower costs for qualified borrowers. Whether you’re purchasing a new home or refinancing an existing mortgage, conventional loans can be tailored to fit your financial goals.
Benefits
You know the home you want. We make it happen for your need.
Competitive Interest Rates
Enjoy lower interest rates compared to other loan types.
Flexible Terms
Choose from a variety of loan terms to suit your financial goals, including 10, 15, 20, or 30 years.
Low Down Payment Options:
Some conventional loans require as little as 3% down.
No Private Mortgage Insurance (PMI):
Avoid PMI if you make a down payment of 20% or more.
Why Choose Conventional Loan?
Buying a home can be overwhelming. We Provide you a solution!
Lower Overall Costs
Conventional loans can be more cost-effective in the long run, especially for borrowers with good credit and a substantial down payment.
Greater Flexibility
With a variety of loan terms and down payment options, conventional loans can be customized to fit your financial situation and homeownership goals.
No Mortgage Insurance with Higher Down Payments
Avoid the added cost of private mortgage insurance (PMI) by putting down at least 20%.
WHY CHOOSE US?
Pied Piper Mortgage has a simple online process for loan Applications
Expert Guidance
Our experienced team provides personalized support throughout the mortgage process, ensuring you find the best loan options tailored to your needs.
Streamlined Process
We simplify the loan application and approval process, helping you secure financing quickly and efficiently.
Extensive Network
Our extensive network and resources ensure you get the best rates and terms available in the market.
Got Questions About Conventional Loan?
What is a conventional loan?
A conventional loan is a type of mortgage that is not backed by the federal government. It can be conforming (meeting the guidelines set by Fannie Mae and Freddie Mac) or non-conforming (such as jumbo loans).
Who qualifies for a conventional loan?
Typically, borrowers with a credit score of 620 or higher, a stable income, and a down payment of at least 3% can qualify for a conventional loan.
What are the advantages of a conventional loan over other types of loans?
Conventional loans often offer more flexible terms, lower interest rates for well-qualified borrowers, and fewer restrictions compared to government-backed loans.
Is mortgage insurance required for conventional loans?
Mortgage insurance is required if your down payment is less than 20%. However, once you reach 20% equity in your home, you can request to cancel the PMI.
How much can I borrow with a conventional loan?
The maximum loan amount for a conventional loan varies by county and is set annually by the Federal Housing Finance Agency. In most areas, the limit is $726,200, but it can be higher in high-cost areas.
Can I use a conventional loan to buy a second home or investment property?
Yes, conventional loans can be used to purchase primary residences, second homes, and investment properties.
What are the closing costs for a conventional loan?
Closing costs typically range from 2% to 5% of the loan amount and can include origination fees, appraisal fees, title insurance, and other related expenses.
How long does it take to close a conventional loan?
The closing process for a conventional loan typically takes 30 to 45 days, but it can vary depending on the complexity of the loan and the lender’s efficiency.
Other Services
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FHA Loans
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Jumbo Mortgage Loans
Down Payment Assistance Program
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Bank Statement Loans
Home Equity Loans
Our happy customers
What Our Clients Say
Choosing Pied Piper Mortgage was one of the best decisions I made during my home-buying journey. The team was incredibly supportive and knowledgeable, guiding me through every step with patience and professionalism. Their competitive rates and personalized service made the process smooth and stress-free. I couldn't be happier with my new home and the experience I had with Pied Piper Mortgage
Shehjad Patel
Pied Piper Mortgage exceeded all my expectations. From the initial consultation to closing, their team provided outstanding service and clear communication. They tailored a mortgage solution that perfectly suited my financial needs and made the entire process seamless. I highly recommend Pied Piper Mortgage to anyone looking for a trustworthy and efficient mortgage provider
John M
As a first-time homebuyer, I had a lot of questions and concerns. The team at Pied Piper Mortgage was patient, informative, and supportive throughout the entire process. They made me feel confident and secure in my decision. Thank you for helping me buy my first home!
Samantha K
Co-FounderWe decided to refinance our home to take advantage of lower interest rates. Pied Piper Mortgage made the process quick and straightforward. Their team handled everything efficiently, and we were able to save a significant amount on our monthly payments. We're grateful for their expertise and professionalism.
Mark and Rachel T
Co-FounderPied Piper Mortgage was more than just a lender; they were a true partner in our homeownership journey. They took the time to understand our needs and found the best loan option for us. We felt supported every step of the way, and now we're enjoying our beautiful new home.
