Conventional Loan Lakeland Florida

Conventional Loan Lakeland Florida Helping You Get Approved For Your Home Loan or Refinance Quickly and Easily

Conventional loan Lakeland Florida – Mortgage Banking Associates has been helping families buy their dream homes for over 30 years. We are passionate about helping everyone enjoy the American dream of owning their own home. Our extensive experience and resources allow us to help make people’s dreams come true by helping them get approved for a conventional home loan so they can buy the home of their dreams at the lowest available interest rates on the market. We are happy to announce that conventional home loan and refinance interest rates are the lowest they’ve been in 50 years! With interest rates so low, now is the time to apply for a home loan to lock in your mortgage rate at the lowest rates on the market so you can have easy, low monthly payments and can save money every month.

At Mortgage Banking Associates we are the leading mortgage lender in Florida and we are proud to have helped over 4000 families buy their dream homes. We are passionate about helping make home ownership possible for everyone at the best possible interest rates. We pride ourselves on being the fastest mortgage company to process your loan application with no application fee, and we make the entire loan approval process fast and stress-free for you! If you have reasonable credit and meet the down payment requirements, Mortgage Banking Associates will help you obtain your conventional loan quickly and easily. To get started with your application call us today with no obligation, and no commitment at (863) 485-8225…our conventional loan experts are ready to help you!

Our home mortgage experts use Smart Mortgage Rate Finder to get your conventional home loan at the lowest interest rate possible. You could be approved today. Click the button below to apply now!

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What is a Conventional home loan?

A conventional home loan is a mortgage that is not guaranteed by the U.S. Government. A conventional home loan usually follows the guidelines of Fannie Mae and Freddie Mac. Conventional mortgage loans may be conforming or non-conforming. Non-conforming loans don’t meet the guidelines of Fannie Mae or Freddie Mac but are still considered conventional mortgages. Conventional mortgage loans can be fixed or adjustable.

Lock in the lowest interest rate for your conventional mortgage today!

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Conventional Loan Benefits

Conventional mortgages are a great option for people with a good credit score, who have the cash for a considerable down payment and who are applying for higher loan amounts.

Conventional home loans allow for more flexible payment options as well. With a conventional home loan, the mortgage experts at Mortgage Banking Associates can help you get the best possible interest rates, helping to keep your monthly payments as low as possible.

Conventional home loans offer the following benefits:

Flexible loan amounts

Unlike FHA and USDA mortgages that have maximum limits on the home loan amount, conventional mortgages are much more flexible when it comes to the loan amounts. Maximum loan amounts for conventional mortgages vary based on the down payment amount, credit score, income, cash available and other eligibility factors.

Low monthly mortgage insurance

In comparison to an FHA home loans, conventional home loans typically require significantly lower monthly mortgage insurance costs. The higher your down payment and the higher your credit score, the lower your mortgage insurance. This will help keep your initial costs and monthly costs down, saving you money in the long term.

Available for various property types

Conventional loans can be approved for a variety of different property types. Unlike government backed loans such as FHA and USDA mortgages, conventional mortgages can be used for primary homes, second homes as well as for investment properties.

Competitive interest rates

With conventional home loans you can have a fixed rate mortgage or an adjustable rate mortgage (ARM). With a fixed rate mortgage, your interest rate stays the same during the entire loan period. Whereas with an ARM, interest rates may change during the life of the loan.

Conventional Loan Requirements

As compared to the Government mortgage programs (VA loans, FHA loans and USDA loans) which are available to help a wide variety of people get approved for loans, conventional loan approval has somewhat more stringent requirements.

You may qualify for a conventional home loan in Florida if you meet the following requirements:

  • Relatively good credit score (640 or above), however lower credit scores may be considered based on other factors;
  • You are able to make a down payment of at least 3% of the loan amount;
  • You are able to show steady income to cover the cost of your loan and self-employed individuals will need to supply two years of tax returns;
  • Your debt-to-income ratio should be no more than 45%, but can go up to 50% in limited cases;

Here at Mortgage Banking Associates we are proud to have helped thousands of families throughout the state of Florida make their dreams of owning a home a reality by helping them with their conventional loan applications. Our mortgage experts have extensive experience and will take the time to sit with you and determine your eligibility for a conventional home loan as well as inform about the best down payment and monthly payment options…all at the most competitive interest rates available on the market today.

As a first step in determining your eligibility for a conventional mortgage or refinance, we are happy to offer you a free consultation where you will sit one-on-one with a mortgage expert to discuss the details of your eligibility. Give us a call now at (863) 485-8225 to schedule your free consultation with one of our mortgage specialists.

Conventional Mortgage & Refinance Rates

Our mortgage lenders can get you the best mortgage rates guaranteed, with no hidden fees. The mortgage experts at Mortgage Banking Associates can get you mortgage rates as low as 4.5%.

Our Smart Mortgage Rate Finder allows us to offer some of the lowest current mortgage rates in the United States. Smart Rate can save you hundreds of dollars a month. Get one of the best deals guaranteed with cash back if your application is received within 30 days! Speak directly with our USDA home loan experts right now by calling (863) 485-8225.

Conventional Mortgage Calculator

For your convenience, you can calculate your estimated monthly mortgage payments using the home loan calculator below. You have the option of having the PDF of the estimated monthly principal and interest payment schedule emailed directly to you as well.

Simply fill out the form below by editing the numbers according to your mortgage amount, estimated interest rate, down payment and terms and click “Calculate” and an amortization schedule will be generated.

Conventional Mortgage Calculator
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How To Apply For Your Conventional Home Loan

Our conventional loan specialists here at Mortgage Banking Associates make your home loan application process as quick and easy as possible. With our vast experience, expertise and resources we are able to streamline the whole loan application and approval process to make it faster, easier, and hassle-free. You can start your mortgage application process right now by simply filling out the form below:

Apply For Your Conventional Home Loan Now

At Mortgage Banking Associates, our mortgage lenders are passionate about helping people just like you make their dreams of home ownership come true! To get started with your home loan application, simply fill out the form below and the mortgage specialists at Mortgage Banking Associates will contact you shortly:


Mortgage Banking Associates Reviews

It was a pleasure doing business with you. You were very kind and patient with me and followed through with every request in a timely manner. My interest rate and closing cost far exceeded my expectations. The ladies at the title company said they had never seen a mortgage close so fast. They both were impressed by what a good job you did. Thanks for a job well done!

Richard Hill

Thank you for all the hard work in closing on our home. If it was not for your tireless efforts I fear the deadline would not have been met. But nonetheless here we are in our gorgeous new home! You don’t know how much we really appreciate the work that you do. Thank you so much for your time. I will recommend anyone to seek out your services.

Matt & Family

We know for sure that nothing would have been right or happened at all with our refinance if anyone other than you took care of us. Today we can enjoy the financial freedom a lot of people are too buried to know! God bless you for changing our lives forever.

Darryl & Leslie Wolf

Thank you so much for all the help in our refinancing. It went smoothly! When a speed bump came, you smoothed it out. Thank you again for a not so nerve wrecking experience.

Tom & Ida Cab

We want to thank you and your staff for all of your hard work and assistance during our home buying process! You all were very timely and courteous and we really appreciate all of your efforts.

Jerry & Donna Abernathy

We had been through the process of obtaining a mortgage a number of times in both Florida and California. You got right down to work, obtained a wonderful quote on the loan, and locked it in. You knew exactly what information we needed to provide. In slightly less than 30 days our refinancing was complete. During that time you were always pleasant, reassuring, and available. One of the reasons things went so smoothly was that you always anticipated potential glitches before they occurred so we were able to avoid processing problems. Additionally, your staff was always nice and helpful throughout. Thank you so much for everything.

Floyd A. Stern, MD, MBA

Thank you for all your help with the commercial property we purchased. First with finding a lender that accepted our request for the mortgage when the larger banks in the area denied our applications. Evidently they did not want to deal with local small business owners. Then when hoop after hoop came up to jump through due to the seller’s issues with the IRS, your connections and your help got the deal expedited. Your tenacity, that of a bulldog and encouragement was a great bit of comfort to us. You followed through with every detail, keeping all the team players abreast of the progress and needs of making the deal happen. Thank you for everything you did to make our dream a reality!

Anne C. Craig & John D. Andrews

Many thanks for being a real pro at serving Veterans. Your words were strong and directed to a point that brought about great results. Thank you for making a major process work in record time.

Vincent V. Manley

I have “rented” in so many different cities but now I own my first home in Lakeland.  I could not have done this without you.  Thanks a million!

Rose Swidler