Whitley Mortgage Associates, Inc. NMLS# 107585

Conventional Loans

A conventional loan is any mortgage loan that is not insured or guaranteed by the government (such as under the Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs).

Ready to work with Whitley Mortgage?

Please feel free to call us anytime Monday through Friday at 704-283-9465.

There are 2 types of conventional loans:

Conforming and Non-conforming – each has their own benefits in terms of risk, credit score and loan limits. Whitley Mortgage can help you determine which one will be best for your needs.

Advantages of Conventional Mortgages:

If you qualify for a conventional mortgage, there are a number of advantages. First, the loans are usually processed more quickly than government mortgages because you’re applying straight to the lender, which means you don’t need to wait extra time for approval from any government programs. Also, you won’t need to pay for the mortgage insurance premiums that are required for certain government programs, but be aware that if you don’t put at least 20 percent down, you’ll most likely be required to pay for private mortgage insurance.

To get a better idea if a conventional loan is the best option for you, contact Whitley Mortgage today for a free assessment.

Contact Us





Mortgage Calculator

Your total monthly payment

Principal & Interest

Our Location

At Whitley Mortgage, we want to help you purchase the property that you have always dreamed of – whether it’s your first home, commercial real estate or a vacation home.

Commercial Real Estate Mortgages
Call Now Button