Conventional Mortgage

Why Conventional Mortgage Programs?

Conventional products provide a wide variety of homebuying and refinancing options for well-qualified borrowers. Government products restrict lending to only primary residences, but Conventional Mortgage Programs allow borrowers to purchase primary residences, investment properties, second homes, vacation homes and even multi-family properties. Contrary to popular opinion, perfect credit is not required for Conventional Mortgage Programs. With Variant Lending Group, borrowers can qualify for Conventional Mortgage Programs with credit scores as low as 620.

Many borrowers need flexible products with low interest rates, flexible terms and minimal down payments. Affordability is the key to many borrowers being able to buy homes or refinance. This is where Conventional Mortgage Programs are a great help. Variant Lending Group offers Conventional Mortgage Programs that meet these consumer needs.

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Special consideration for student loan debt

Today, many borrowers have student loan debt. When consumers take out student loans, they are given a set payment to pay after leaving school. However, most student loan providers offer Income Based Repayment (IBR) and will restructure the terms of repayment to meet the borrowers’ income levels. Unfortunately, FHA mortgage programs require that the greater of the regular student loan payment or 1% of the outstanding loan balance be used for qualifying for a mortgage. This policy often makes it difficult for consumers with student loan debts to qualify for a mortgage. Nevertheless, some Conventional Mortgages allow borrowers to qualify using the payment they are actually required to make, even if they have $0 monthly payments. Conventional Mortgage Programs are a great option for consumers with student loan debt.

Low down payment

Homebuyers love the low down payment options that Conventional Mortgage Programs provide. At Variant Lending Group, we offer Conventional Mortgage Programs that allow borrowers to buy homes with low down payments. In fact, there are mortgage options with down payment requirements as low as 1%. Conventional Mortgage Programs offer some of the lowest down payments for well-qualified consumers.

Fixed & adjustable interest rates

Conventional Mortgage Programs offer either the security of a fixed interest rate or the lower possible payments through adjustable rate mortgages. The choice is yours. At Variant Lending Group, we help you evaluate your budget and needs to select the best Conventional Mortgage Programs for your family. Nevertheless, fixed rate mortgage options offer the greatest security for consumers in need of stable and predictable mortgage payments.

Flexibility

Conventional Mortgage Programs can also be used for new home construction, renovation projects and for financing investment properties, vacation homes or homes for other family members. At Variant Lending Group, and his lending team will help you find the best options to reach your goals.

Minimal credit requirements

Conventional Mortgage Programs make homeownership accessible to more Americans. Variant Lending Group offers Conventional Mortgage Programs to consumers with credit scores as low as 620. Also, borrowers need not have a lot of established credit. Even self-employed borrowers may qualify after one-year in business, instead of the 2-years typically required by most loans.

Portfolio Products

Many borrowers need flexible products with low-interest rates, flexible terms, and minimal down payments. Affordability is the key to many borrowers being able to buy homes or...

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FHA Loans

FHA loans are mortgages that are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

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First Time Buyer

Exploring local & national first-time homebuyer assistance programs is an important step in the journey to homeownership. Buying a first home is a big deal, so we here to help you!

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Investor Loans

When you're looking for a home loan, there are many factors that determine the terms and interest rates you'll receive from lenders. One of these is whether you're buying a first home

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USDA

People are often overwhelmed by the different kinds of mortgages available today. Are you one of those people thinking of planning a property? If you have an idea of what you are

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Mortgage

Conventional products provide a wide variety of homebuying and refinancing options for well-qualified borrowers.Government products restrict lending to only primary residences

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VA Loans

VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low-interest rates and no down payment

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Renovation Loan

A renovation loan can help fund home improvements, allowing you to turn a house into your dream home.

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Important Legal Disclosures

Variant Lending Group (Branch NMLS #1977530) is DBA Home Mortgage Alliance Corporation, NMLS #1165808.

Lender License (#MC-6747) and Mortgage Broker #ML-6747 in Virginia.

SML Mortgage Company License and SML Mortgage Loan Servicer Registration, licensed by the Texas Department of Savings and Mortgage Lending.

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