Conventional Home Loans In Northern Kentucky, Greater Cincinnati and Southeastern Indiana
3%, 5%, 10% And 20% Down Payment Conventional Loans
What Is A Conventional Loan?
A Conventional Loan is a home loan that is not insured by the Government.
What Are The Advantages:
Conventional loans have no upfront mortgage insurance and the down payment goes directly toward the equity in the home. And the PMI on a Conventional Loan with less than 20% down is often much less than FHA and eventually goes away. Applicants with good credit scores and sufficient liquid assets for their down payment will be much better off obtaining a conventional loan compared to an FHA Loan.
What Are The Disadvantages:
Conventional Loans require higher credit scores than FHA and the down payment must come from the applicants own funds.
Kentucky Federal Offer Great Rates and Local Underwriting On Our Conventional Loans.
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