Power Mortgage
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    • Who We Are
    • What We Do
  • Our Team
    • Durel Matherne
    • Perry Waguespack
    • Tom Smith
    • Wilson Smith
  • Loan Products
    • Conventional
    • USDA Rural Development
    • FHA
    • VA
    • Reverse Mortgages
    • Nontraditional Loans
    • Jumbo Loans
    • Grant Programs
  • Weekly News Update
  • Resources
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  • More
    • Home
    • About
      • Who We Are
      • What We Do
    • Our Team
      • Durel Matherne
      • Perry Waguespack
      • Tom Smith
      • Wilson Smith
    • Loan Products
      • Conventional
      • USDA Rural Development
      • FHA
      • VA
      • Reverse Mortgages
      • Nontraditional Loans
      • Jumbo Loans
      • Grant Programs
    • Weekly News Update
    • Resources
    • Contact
    • Apply Now
  • Home
  • About
    • Who We Are
    • What We Do
  • Our Team
    • Durel Matherne
    • Perry Waguespack
    • Tom Smith
    • Wilson Smith
  • Loan Products
    • Conventional
    • USDA Rural Development
    • FHA
    • VA
    • Reverse Mortgages
    • Nontraditional Loans
    • Jumbo Loans
    • Grant Programs
  • Weekly News Update
  • Resources
  • Contact
  • Apply Now

Conventional Loans

What are Conventional Loans?

Conventional loans are are best for borrowers with good credit. Interest rates may be lower depending on the borrower and the amount of money available to put down.

Conventional Loan Features

  • Used for primary residence, second home and investment property
  • Mortgage insurance is automatically dropped after the LTV reaches 78%
  • Typically requires 5% down payment
  • Higher credit and lower debt to income can mean a lower interest rate

Apply Now!

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