Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

CONVENTIONAL LOAN |32819 | 32836 | Dr. Phillips

NEXT
PREV

CONVENTIONAL LOAN

A conventional loan is a type of mortgage loan that is not insured or guaranteed by a government agency such as the Federal Housing Administration (FHA) or the Department of Veteran Affairs (VA). Instead, conventional loans are backed by private lenders and follow guidelines set by Fannie Mae and Freddie Mac, two government-sponsored enterprises. Conventional loans offer flexibility and may be suitable for borrowers with very good credit and a higher down payment. It's important to work with a lender to determine if a conventional loan is the right fit for your specific needs and financial scenario.

FEATURES OF CONVENTIONAL LOANS

Looking at a down payment for this type of loan is generally higher compared to others. The minimum is 3% to 20% of the purchase price, depending on the lender and borrower qualifications. Credit requirements are much more stricter many will say you need at least a 720 credit score. less than a 20% down payment will require mortgage insurance premium. This insurance is in case borrower defaults on loan. Once reaches 20% equity in home this insurance can be canceled. Loan limits are set by Fannie Mae and Freddie Mac will vary demographically. These type of loans can be used to finance several types of homes such as single family, townhomes, condominiums and investment properties. Your interest rates maybe lower or higher compared to government-backed loans depending on factors such as the borrowers creditworthiness, loan term and loan to value. Seek a trusted advisor to refer a great loan officer if you do not have one.

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran I am here to serve you in the Dr. Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market, to purchase or for the sale of your home. In the absence of trustworthy up to date information whether it's a housing crisis or local housing market, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community to ensure you are making the right decision.

Part of my job is to keep you informed and educated of the local housing market trends, buying information on the buying and selling process to include real estate common terms and videos. Don't get confused by the media, they talk about national data, I can provide the most current up to date local area data.

So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When you are looking for a home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact me today at 850 496-6412 to begin a new walk to homeownership and all your real estate needs.

 

 


  • CONVENTIONAL LOAN |32819 | 32836 | Dr. Phillips
  • CONVENTIONAL LOAN |32819 | 32836 | Dr. Phillips

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 5/19/24 12:15 AM) |
Featured Listings
Orlando Real Estate
$599,990
4 BED
3 BATH
Under contract-accepting backup offers. **NO HOA** **COMPLETELY UPDATED KITCHEN AND BATHROOMS** **BRAND NEW ROOF** Intro... Read More
Orlando Real Estate
$799,900
5 BED
3 BATH
Feast your eyes on this gorgeous 5-bedroom 3 bath pool/spa home in Dr. Phillips. Located at the end of a cul-de-sac. En... Read More
Orlando Real Estate
$214,900
2 BED
2.5 BATH
JUST REDUCED! ATTENTION FIRST TIME HOME BUYERS, INVESTORS, AND VACATION HOME BUYERS! This is your Opportunity to purc... Read More
Orlando Real Estate
$750,000
4 BED
3 BATH
Under contract-accepting backup offers. Ideally located in gated Lake Sheen Reserve. The property welcomes you with a go... Read More
Orlando Real Estate
$800,000
3 BED
2 BATH
One or more photo(s) has been virtually staged. **WELCOME HOME** DR PHILLIPS - LAKEFRONT - POOL HOME with a private dock... Read More
Orlando Real Estate
$1,170,000
5 BED
4 BATH
24 HOUR GATED & GUARDED COMMUNITY. GREAT CUSTOM HOME WITH REMODELED KITCHEN, QUARTZ COUNTER & MARBLE BACK SPLASH (End o... Read More
Orlando Real Estate
$193,000
2 BED
1.5 BATH
Welcome to this delightful 2-bedroom, 1.5-bathroom gem nestled in the serene community of Windhover. Here’s what makes ... Read More
Orlando Real Estate
$207,900
2 BED
2 BATH
Windhover Wonder! Welcome to this darling 2 bedroom 2 bath condo with stunning lake views and LOADS of character. A de... Read More
Orlando Real Estate
$1,225,000
5 BED
4.5 BATH
Welcome to Real Life Paradise!! This beautiful Madeira Spanish Colonial Home is Perfectly Located directly between Disne... Read More
Orlando Real Estate
$866,540
3 BED
2.5 BATH
Under Construction. At Pulte, we build our homes with you in mind. Every inch was thoughtfully designed to best meet yo... Read More
Contact Kevin Strawter

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2024 drphillips.info - all rights reserved. | Site Map | CONVENTIONAL LOAN |32819 | 32836 | Dr. Phillips