Conventional Loans - Jimmy Kinley - Highlands Ranch, CO

Jimmy Kinley
NMLS# 287498
Highlands Ranch, CO Loan Originator
Jimmy Kinley, Loan Officer in Highlands Ranch, CO
Jimmy Kinley
Go to Jimmy's PageJimmy Kinley, Loan Officer in Highlands Ranch, CO
640 Plaza Dr
Ste 140
Highlands Ranch, CO 80129
US
NMLS# 287498
Licensed to originate: CO, TN
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 Highlands Ranch, Colorado

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