When you’re ready to purchase a home with confidence and clarity, a Conventional Loan with Robert Tyree at Clearview Mortgage offers dependable stability and flexible options. Perfect for buyers seeking competitive rates and customizable terms, this loan program delivers long-term financial comfort and control.

What is a Conventional Loan?

A Conventional Loan is a mortgage that is not backed by government agencies like FHA, VA, or USDA. It’s funded by private lenders and follows guidelines set by Fannie Mae and Freddie Mac, making it one of the most popular and reliable mortgage choices for qualified buyers.

Who Can Use This Program?

Conventional loans are ideal for:

• First-time and repeat homebuyers

• Borrowers with stable income and strong credit history

• Buyers looking for low rates and fair terms

• Homeowners seeking competitive refinancing options

• Investors purchasing second homes or investment properties

How Conventional Loans Work:

• You choose your preferred loan term (15, 20, or 30 years).

• Down payments can start as low as 3% for qualified buyers.

• Private Mortgage Insurance (PMI) applies for down payments under 20%.

• PMI can be removed once you reach 20% equity.

• Flexible use across single-family, multi-family, and investment purchases.

• Rates vary based on credit score, income, and loan structure.

Qualification Requirements:

• Minimum credit score typically 620+

• Stable employment and reliable monthly income

• Debt-to-income ratio under lender limits

• Sufficient assets for down payment and closing costs

• Property must meet appraisal and condition standards