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Sunshine State Mortgage
Private lenders typically provide traditional loans, which they then sell to government-sponsored entities (GSEs) However, conventional loans often require a borrower to have high to exceptional credit, manageable monthly debt responsibilities, a minimum down payment of 3 percent, and consistent monthly income. Conventional loans typically have better rates, periods, and/or cheaper fees than other types of loans. For consumers with excellent credit, conventional loans are suitable. Depending on the residence, certain conventional loans, such as those for second homes, condos, or investment properties, may demand a down payment as high as 20%. For further information, contact 954-803-7678.
June 22, 2022
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