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Conventional Loans

Conventional Lending

Conventional lending offers a range of loan options and terms, and eligibility depends on factors such as credit score, down payment, and debt-to-income ratio. Interest rates for conventional loans can vary based on market conditions and the borrower’s creditworthiness.We have deep experience and expertise supporting real estate investors. We ensure an easy transition for clients utilizing short‐term financing (hard money loans) and converting to long‐term financing once the rehab process is complete. 

Frequently Asked Questions

When applying for a conventional mortgage loan, borrowers often have various questions and concerns. Here are the three top questions about conventional loans. It’s important for borrowers to consult with a lender to get personalized answers to these and other questions. Contact us today to have your questions answered by a fully licensed loan officer! 

What are the interest rates?

Conventional loans often come with lower interest rates compared to some other types of mortgages. Borrowers with strong credit histories may qualify for the most competitive interest rates, which can result in lower monthly mortgage payments and long-term savings.

What are eligibility requirements?

Eligibility depends upon a mix of credit score, income, as well as your debt to income ratios. Conventional loans offer flexibility in terms of loan amounts, property types, and down payment options. Borrowers can choose from various loan programs, including fixed-rate and adjustable-rate mortgages, and they can finance different types of properties, from single-family homes to condominiums.

What is the minimum down payment required?

While a 20% down payment is most commonly recommended, as it allows borrowers to forego the PMI (Private Mortgage Insurance), it is far from a requirement! The typical minimum down payment for a standard conventional loan is 3% of the purchase price. This means that borrowers may be able to purchase a home with as little as 3% down. 

Rental Property Lenders - The Benefits of Refinancing

Catalyst Funding, LLC partners with Nations Reliable Lending, LLC (NRL Mortgage), which is the company in which we offer our Conventional Loans.

Wade Comeaux is Founder and President of Catalyst Funding and leads the Catalyst Team with NRL Mortgage.

NRL Mortgage is a nationally recognized Mortgage Lender and was built by providing the most important thing a lender can: Reliability.

Being a Fannie Mae Direct lender, NRL Mortgage has a full suite of products and best in class customer service. We understand and appreciate buy and hold investors and have significant expertise navigating the challenges presented by owning multiple properties and unique income documentation situations.

This is an advertisement. All applications are subject to credit approval. Program terms and conditions are subject to change without notice. Some products may not be available in all states. Other restrictions and limitations may apply. This is not a commitment to lend. Nations Reliable Lending, LLC is an Equal Housing Opportunity | www.nrlmortgage.com | NMLS # 181407 – 1220 Augusta Drive, Suite 600, Houston, TX 77057, 713-275-1300 | For a full list of our licenses, please visit www.nmlsconsumeraccess.org.