Conventional Loans
 
This type of loan is not insured or guaranteed by federal government, but it is a good choice for borrowers with good credit and funds for a larger down payment ranging from 5 – 20 percent of the home purchase price.
 
Main advantages of Conventional loans:
  • Conventional purchase may be used for primary, secondary, vacation or investment properties. 
  • There are no requirements for upfront mortgage insurance premiums or funding fees.
  •  Borrower has a right to cancel Private Mortgage Insurance (PMI) once their property reaches at least 80 percent loan-to-value ratio.
 
 
 
 
 
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MABC Mortgage, LLC
LO License #29248
Broker License #20471
NMLS Broker ID #119413
NMLS LO ID #134430
Licensed by the PA Department of Banking
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