Conventional Loans - Aaron Johnston - Portland, OR

Aaron Johnston
NMLS# 209217
Portland, OR Loan Originator
Aaron Johnston, Loan Officer in Portland, OR
Aaron Johnston
Go to Aaron's PageAaron Johnston, Loan Officer in Portland, OR
9755 SW Barnes Rd
Ste 470
Portland, OR 97225
US
NMLS# 209217
Licensed to originate: OR, WA
Day of the WeekHours
Mon8:00 AM - 5:00 PM
Tue8:00 AM - 5:00 PM
Wed8:00 AM - 5:00 PM
Thu8:00 AM - 5:00 PM
Fri8:00 AM - 5:00 PM
SatClosed
SunClosed

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About Conventional Loans

Conventional home loans are those not guaranteed or insured by government agencies (like the Federal Housing Administration, the Department of Veterans Affairs, or the U.S. Department of Agriculture). Conventional mortgages are not guaranteed, so any required mortgage insurance is usually paid by the home buyer. Depending on your specific situation, conventional loans can offer lower interest rates, a variety of down payment options, varying term lengths for fixed-rate mortgages, and reduced mortgage insurance (MI). If you pay MI on a conventional loan because you put down less than 20%, you typically have the option to cancel the MI when the principal balance on the loan hits approximately 20% equity in the property.
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Conventional Home Loan Requirements

Low Rates

Lower Monthly Payments

Quicker Equity Earned

Requirements for a conventional loan depend on your credit and financial history. Some of the main items your lender will consider are your credit score, debt-to-income ratio, income stream, and cash reserves. Ultimately, your lender needs to determine that you have the funds and financial foundation to pay the loan back. Since conventional loans aren’t backed by the government, the lender assumes more risk in the event of a default.

Conventional home Loans in Portland, Oregon

Depending on your specific situation, conventional loans can offer lower interest rates, a variety of down payment options, varying term lengths for fixed-rate mortgages, and reduced mortgage insurance (MI). If you pay MI on a conventional loan because you put down less than 20%, you typically have the option to cancel the MI when the principal balance on the loan hits approximately 20% equity in the property.
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Frequently Asked Questions