Conventional Loans

Conventional Loans
Flexible Financing for Homebuyers, Homeowners & Investors
A Conventional Loan is one of the most widely used mortgage options available today. Unlike FHA, VA, or USDA loans, conventional mortgages are not insured or guaranteed by a government agency.
 
Many conventional loans follow guidelines established by Fannie Mae and Freddie Mac and can offer competitive financing for qualified borrowers purchasing or refinancing a home.
Whether you're a first-time homebuyer, move-up buyer, luxury homeowner, or real estate investor, MGB Financial Services can help you explore conventional financing options that fit your goals.
 
Why Choose a Conventional Loan?
✓ Competitive Financing
Qualified borrowers with strong credit profiles may benefit from attractive rates and terms.
✓ Flexible Down Payment Options
A 20% down payment is not always required. Certain conventional programs may allow lower down payments for qualified borrowers.
✓ No Upfront FHA Mortgage Insurance Premium
Conventional loans do not require FHA's upfront mortgage insurance premium.
✓ Mortgage Insurance May Be Removable
When private mortgage insurance (PMI) is required, borrowers may have options to request cancellation after meeting applicable equity and other requirements.
✓ Multiple Property Types
Conventional financing may be available for primary residences, second homes, and qualifying investment properties.
✓ Purchase or Refinance
Use conventional financing to purchase a property or refinance an existing mortgage.
 
Conventional Loan Options
Conforming Loans
Mortgages structured within applicable Fannie Mae and Freddie Mac conforming loan requirements.
High-Balance Loans
Available in qualifying higher-cost areas for loan amounts above the standard conforming limit but within applicable high-cost limits.
Fixed-Rate Mortgages
Provides a fixed interest rate and predictable principal-and-interest payment for the life of the loan.
Adjustable-Rate Mortgages (ARMs)
Typically provides an initial fixed-rate period followed by rate adjustments according to the terms of the loan.
Investment & Second-Home Financing
Conventional financing may also be available for qualified borrowers purchasing vacation homes, second homes, or investment properties.
 
Flexible Financing — As Little as 3% Down for Qualified Buyers
Think you need 20% down to buy a home? You may not.
Certain Conventional Loan programs may allow qualified borrowers to purchase a primary residence with as little as 3% down, making homeownership more accessible for eligible first-time and other qualifying homebuyers.

At MGB Financial Services, Inc., we'll review your complete financial picture and help you explore the conventional financing options that may fit your goals.
Conventional Loan Highlights
✓ As Little as 3% Down
Certain conventional programs may offer down payments as low as 3% for eligible borrowers and properties.
✓ Competitive Financing
Qualified borrowers with strong credit profiles may benefit from attractive rates and terms.
✓ No Upfront FHA Mortgage Insurance Premium
Conventional financing does not require FHA's upfront mortgage insurance premium.
✓ PMI May Be Removable
When private mortgage insurance is required, borrowers may have options to request cancellation after meeting applicable equity and other requirements.
✓ First-Time Homebuyer Options
Special conventional programs may be available to help qualified first-time buyers achieve homeownership.
✓ Down Payment Assistance
Eligible buyers may also qualify for certain Down Payment Assistance programs, subject to program requirements.
✓ Flexible Property Options
Conventional financing may be available for primary residences, second homes, and qualifying investment properties.
 
✓ Purchase & Refinance Options
Conventional loans can be used for qualifying purchases and refinances.
 
The MGB Advantage
Underwriting Experience Matters.
With 30+ years of mortgage and real estate experience and the perspective of an experienced mortgage underwriter, MGB looks beyond the application.
 
We review your income, assets, credit, debts, down payment, property, and financial goals to help identify financing options appropriate for your circumstances.
 
First-Time Homebuyer?
Don't assume you need a large down payment.
With certain Conventional programs offering as little as 3% down and potential Down Payment Assistance for eligible buyers, homeownership may be closer than you think.
Let MGB help you explore the possibilities and take the first step toward the American Dream of homeownership.
 
Ready to Find Out What You May Qualify For?
START YOUR PRE-QUALIFICATION APPLICATION
Call MGB Financial Services: 562-809-2643
 
3% Down Options • First-Time Buyers • Down Payment Assistance • Underwriting Expertise
3% down financing is available only through qualifying loan programs and is subject to borrower, occupancy, property, credit, income, loan-limit, and lender requirements. Mortgage insurance may be required. Not all borrowers will qualify.