Conventional Loans

With strong credit and a solid financial profile, you can often qualify for a lower interest rate when working with a mortgage broker like JP Lending. This means you’ll pay less over the life of the mortgage compared to some government-backed options. For more information about our financial services, feel free to contact us.

Conventional loans offered by JP Lending can be utilized for primary residences, second homes, and investment properties—making them an excellent option for real estate investors or vacation home buyers. For more information on how our financial services and mortgage options can benefit you, contact us today and let our mortgage broker assist you.

Choose from a variety of repayment terms—15, 20, or 30 years—to fit your budget and long-term goals. At JP Lending, our mortgage broker can help you navigate these options. You can also make extra payments without facing prepayment penalties. For more information, feel free to contact us about our financial services.

Unlike FHA loans, conventional mortgages through JP Lending don’t require an upfront mortgage insurance premium (UFMIP). Additionally, if you put down 20% or more, you can avoid private mortgage insurance (PMI) altogether. For more information, feel free to contact us and learn about our financial services or consult with a knowledgeable mortgage broker.

If you do start with PMI through a mortgage, it’s not forever. Once you reach 20% equity in your home, you can request to cancel PMI—something FHA loans don’t typically allow without refinancing. For more information on how JP Lending can help you with financial services, feel free to contact us and speak with a knowledgeable mortgage broker.

With higher loan limits and fewer restrictions on property condition, conventional loans can give buyers a competitive edge—especially in hot markets where sellers prefer conventional financing. For those looking to explore their options, contact us at JP Lending to learn more about our financial services and how our experienced mortgage broker can assist you with your mortgage needs.