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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. 

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The Catalyst Group at SecurityNational Mortgage is the company in which we offer our Conventional Loans.

Wade Comeaux is Founder and President of Catalyst Funding and leads the Catalyst Group at SecurityNational Mortgage Company.

SecurityNational Mortgage Company, a nationally recognized Mortgage Lender, is one of the most trusted and respected lenders in the industry.

SecurityNational Mortgage Company (SNMC) was started in 1993 and is a subsidiary of Security National Financial Corp. who is publicly traded on the NASDAQ (symbol: SNFCA).  SNMC is ranked as a ‘Top 50 Mortgage Lender’ by Scotsman Guide and Mortgage Executive Magazine.  Being a Fannie Mae Direct lender, SNMC 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.

The Catalyst Group at SecurityNational Mortgage Company (SNMC) values our relationships with our clients.