Conventional Mortgages: Reliable, Flexible Financing
At Ettlin Financial, we specialize in conventional mortgages—the go-to choice for stable, competitive home financing backed by Fannie Mae or Freddie Mac guidelines. Whether you're a first-time buyer, refinancing to lower your payments, or investing in property, these loans offer straightforward terms with the potential for great savings.
Why Choose a Conventional Mortgage?
- Lower Rates for Strong Credit: With a credit score of 780 or higher, you could lock in some of the market's best interest rates, saving thousands over the loan's life.
- Low Down Payments: Start with as little as 3% down if you're a qualified first-time buyer (no home ownership in the last 3 years). Otherwise, 5% is the minimum—making homeownership more accessible.
- Flexible Terms: Pick from 10- to 30-year fixed rates for predictable payments, or adjustable-rate mortgage (ARMs) for initial savings.
- Versatile Use: Ideal for your primary home, vacation property, or investment real estate (up to 10 financed properties).
No matter your situation, we tailor solutions to fit your needs and help you close smoothly.
Quick Eligibility CheckTo qualify, you'll typically need:
- Credit Score: At least 620, but 780+ unlocks premium rates and easier approvals.
- Debt-to-Income (DTI) Ratio: Up to 50%—we'll help balance your finances for the best fit.
- Income and Employment: Show 2 years of stable work history with documents like W-2s, pay stubs, or tax returns. Self-employed? With 5+ years in business, you may qualify with just 1 year of tax returns via automated underwriting.
- Assets: Prove funds for down payment, closing costs, and reserves (0-6 months of payments, depending on your profile).
- Property: The home must appraise at or above the purchase price and meet basic safety standards.
We make the process simple — our team handles the details and will guide you through the process.