Conventional Loans

Bozeman Conventional Fixed Rate Loans

Conventional Loans are a good choice for borrowers with good credit and funds for a down payment ranging from 3–20% of the home purchase price. Conventional loans are what you think of when you are talking about a “plain vanilla” 30 year Fixed Rate Mortgage. Conventional mortgages are available for almost any type of residential property. Conventional loan limits for 2019 are now at $484,350. As the average price of new homes increases in our area, this expanded limit will help keep borrowers in a conventional loan and out of a Jumbo loan that can have a few more underwriting requirements.

Key Advantages of Conventional Loans:

  • Borrow for primary, secondary, vacation or investment properties
  • Designed for borrowers with strong credit and down payment as little as 3%
  • No requirements for upfront mortgage insurance premiums or funding fees like FHA, VA or USDA
  • Option to cancel Private Mortgage Insurance (PMI) at 80% loan-to-value ratio
  • Allows the use of non-occupant coborrowers to help qualify for purchase of a primary residence
  • We offer terms of 30, 25, 20 or 15 year fixed rate terms or a variety of Adjustable Rate terms as well

Contact our lenders today to apply for a conventional fixed-rate home loan.

montana mortgage caroline royPartner with an Expert

Buying a home is one of the most important financial decisions you’ll make during your lifetime. Earnest money is at stake, and there is a firm, contracted closing date on the purchase and sale agreement. It is critical that you partner with a trusted Montana mortgage planner who can guide you through the process.

Contact Caroline Roy at GoPrime Mortgage, Inc. in Bozeman today.

Do You Have Questions?

Let GoPrime Mortgage, Inc. get you the home loan you need!