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Conventional Loan Program:

Primary, Vacation & Investment Home Loans

Conventional

Conventional mortgages often require less documentation than FHA loans or VA loans, which could speed up the overall processing time.

 

Clear Lending offers Fannie Mae or Freddie Mac mortgage programs that might be right for you.

Conventional loans are mortgages following government sponsored enterprises (GSE’s) guidelines such as Fannie Mae or Freddie Mac.

A Conventional loan may be insured or uninsured. The insurance for conventional loans is referred to as Private Mortgage Insurance (PMI) an insurance policy issued to provide protection to the lender in the event of financial loss due to a borrower’s default. If the loan is 80% over property's value, then it will require PMI. Clear Lending Conventional loans have best interest rates in Houston.

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Conventional mortgages require stronger credit history. Lenders offer lower rates to borrowers with cleaner credit histories and higher credit scores.

Loan Program Highlights:

• Purchase or refinance loans available for owner-occupants and investors of 1-4 units, townhouses, approved condos or PUDs.
Purchase or refinance of single family second homes.
• Financing up to 95% (certain cases 97%) loan to value. Gift funds are allowed after the borrower’s required contribution.
• Seller contributions allowed depending on down payment and occupancy.
• No first-time homebuyer restrictions.      
• Co-signers are allowed to help buyers qualify for single family residences.
• Conforming loan limits apply.

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Benefits of Conventional Loan Program: 

• No mortgage insurance for 20% or greater down payment.
• Available to purchase second homes or investment properties.
• Greater loan limits than FHA loans.
• Flexible PMI options available for loans with less than 20% down payment.

 

Don't wait any longer and find out how much you can get Pre-Approved for.

Whether you are considering purchasing or refinancing an existing Conventional mortgage loan, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online and we will contact you right away to review best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.


Customers Reviews:

  • Oscar y Yecenia Rangel • January 31, 2014

    Estimado JOAN:

    Por medio de la presente, queremos enfatizar nuestro agradecimiento por tu trabajo, colaboración, profesionalismo y dedicación a nuestra petición de crédito para la compra de nuestra casa, créelo y lo enfatizo que estamos tan agradecidos por tu ayuda. Que dios te llene de bendiciones siempre, y que sigas ayudando a las personas como nosotros, mil gracias.

    Atte. Oscar y Yecenia Rangel.

  • Samantha Perez • July 31, 2017

    Joan was amazing! He explained everything in detail so that we knew exactly where our money was going at all times and was ALWAYS available for answering questions. We will definitely be using his services again!

  • Denita Hawkins • July 19, 2017

    Thank you Joan! You TRANSFORMED a Nightmare into a DREAM!

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