Conventional Loans

Competitive rates, unparalleled service

Conventional Loans

If your credit is good and you have money for a down payment, chances are you’re in the market for a conventional loan.

What are Conventional Loans?

The industry term “conventional loan” just means a loan that is NOT backed by the government. VA, FHA and USDA loans are examples of government backed or “non-conventional” loans.

The other term you’ll probably hear thrown about is “conforming” loans. That simply means the loan “conforms” to guidelines set by Fannie Mae (FNMA) and Freddie Mac (FLMC). These two government entities set mortgage lending guidelines, buy mortgages from lenders and sell them to investors.

At a Glance

Rates are generally slightly higher than FHA, VA or USDA Loans

Lower down payments are possible but require private mortgage insurance (PMI)

20% down payment is typically required to avoid PMI

Requires good or excellent credit (600+)

Ready to Apply?

When to Find A Lender

It’s perfectly acceptable to talk to a lender before you pick a house or a Realtor. Finding a lender before searching for a house can actually help you narrow your search for a home.

How to Find A Lender

You can get everything online lenders promise from a local lender. An online application is a great place to start, but nothing beats a 15 minute to discuss your options.

Getting the Best Rate

A reputable lender can get you the best rate for your available credit. Remember, a low rate doesn't mean anything until your loan actually closes!

Areas We Serve

We provide competitive rates and excellent service to homeowners and future homeowners in both Southern Kentucky and Northern Tennessee.

Fully Licensed for Conventional Loans in all 50 States
Graham Lending Group
1039 College St. - Suite 209
Bowling Green, KY  42101
(270) 551-2028