Northern Mortgage | conventional loans in dayton

What is a conventional loan?

HELPING YOU AND YOUR FAMILY FIND A FOREVER HOME.

AT A GLANCE:

- - - Conventional loans are the most accessible home loan type. They offer lots of flexibility for your personal situation.
    - While there are exceptions, conventional loans are best suited for most borrowers with stable income and a good credit history.
    - Compared to other loan types, conventional Loans may be easier to qualify for.

WHAT ARE THE BENEFITS OF A CONVENTIONAL LOAN?

Conventional loans at Northern are great for the average buyer, as they often allow:

- - - - Down payments as low as 3%
      - Credit scores as low as 620
      - More flexible qualification (government-backed loans have additional requirements)
      - No private mortgage insurance for down payments above 20%

HELPING YOU AND YOUR FAMILY FIND A FOREVER HOME.

AT A GLANCE:

- - - Conventional loans are the most accessible home loan type. They offer lots of flexibility for your personal situation.
    - While there are exceptions, conventional loans are best suited for most borrowers with stable income and a good credit history.
    - Compared to other loan types, conventional Loans may be easier to qualify for.

WHAT ARE THE BENEFITS OF A CONVENTIONAL LOAN?

Conventional loans at Northern are great for the average buyer, as they often allow:

- - - - Down payments as low as 3%
      - Credit scores as low as 620
      - More flexible qualification (government-backed loans have additional requirements)
      - No private mortgage insurance for down payments above 20%

IS A CONVENTIONAL LOAN FOR ME?

With a good credit profile and a down payment above 3%, the conventional loan may be a powerful tool for your purchase.

If your credit score is 620 or higher, you may qualify for a “conforming” conventional loan at Northern. If your credit score is in the 700s, you may qualify for more favorable terms.

Like all loan programs, eligibility is based on a range of factors— income and credit health are only two elements. A loan officer can determine your eligibility for a conventional loan or similar loan types!

Get Pre-approved!

Get more information

WHAT’S THE NEXT STEP?

Before you begin shopping for homes, contact a Loan Officer! Even if you’re not ready to buy today, they’ll give you the information and resources you need to move forward with confidence.

If you’re ready to purchase a home, your offer will become stronger with a pre-approval from Northern Mortgage. No matter your lender, a pre-approval is highly recommended.

In order to apply, you’ll need to collect several documents, including proof of income and assets (e.g. bank statements, etc.), employment verification, and identity verification.

You’re more than welcome to reach out to any of Northern Mortgage’s licensed loan officers with any questions you have!

* No guarantees or offers to lend implied. Contact a licensed loan officer for additional details or to determine eligibility.

Get Pre-approved!

Get More info

WHAT’S THE NEXT STEP?

Before you begin shopping for homes, contact a Loan Officer! Even if you’re not ready to buy today, they’ll give you the information and resources you need to move forward with confidence.

If you’re ready to purchase a home, your offer will become stronger with a pre-approval from Northern Mortgage. No matter your lender, a pre-approval is highly recommended.

In order to apply, you’ll need to collect several documents, including proof of income and assets (e.g. bank statements, etc.), employment verification, and identity verification.

You’re more than welcome to reach out to any of Northern Mortgage’s licensed loan officers with any questions you have!

* No guarantees or offers to lend implied. Contact a licensed loan officer for additional details or to determine eligibility.

Get Pre-approved!

Get more information

Our dayton LOAN OFFICER

Bill Hudson

Branch Manager

Dayton, OH

Reviews you can trust.

Real People. Real Results

Get Pre-approved

What a GREAT experience! Bill and the rest of the staff were fast, reliable, and very pleasant to work with. I would recommend them to anyone and will use them again in the future!

Greg T.

Our counter offer was accepted! Thank you, Bill, for helping us get pre-approved so quickly; we couldn’t have done this without you!

Brooke N.

I worked with Bill to purchase my first home and I couldn’t be happier with the experience. He was accommodating, efficient, and genuine! Thank you, Bill!

Amanda D.