A Santa Clarita mortgage lender explains how conventional loans can help local residents refinance their mortgages.
American Family Funding, a mortgage company in Santa Clarita, explained how conventional loans differ from federal loans and why they can provide benefits to residents of Santa Clarita.
“A conventional loan,” officials at American Family Funding said, “generally (refers) to a mortgage that follows guidelines from government-sponsored companies (GSEs) such as Fannie Mae Where Freddie mac. “
These loans come in two forms: conventional “compliant” loans and conventional “non-compliant” loans, officials said.
“Compliant loans follow the terms and conditions set by Fannie Mae and Freddie Mac,” said officials at mortgage company Santa Clarita.
Although non-conforming loans do not meet these conditions, “they are also considered conventional,” officials noted.
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Conventional loans are often used when buying a home or refinancing an existing mortgage. According to officials at American Family Funding, these loans may be of particular interest to residents of Santa Clarita who “are unsure of (their) credit rating or have concerns about a down payment.”
For these clients, the Santa Clarita mortgage lender said, “Conventional mortgages can give you peace of mind with very low closing costs and flexible payment options. “
Offering “a full suite of mortgage resources” and acting as a “full service provider”, American Family Funding aims to help clients “(find) the right loan with the best rates, terms and costs” to achieve their goals. personal financials.
“We’re here to help you every step of the way in the loan process,” officials said.
The Santa Clarita mortgage company is also offering online services tailored to residents as “Safer at Home” orders continue.
“You not only have access to the best loans available on the market,” American Family Funding officials said, “you can also review loan alternatives and even apply for your loan online at your convenience – 24 hours a day, seven days on seven. “
Residents of Santa Clarita interested in more information on conventional loans, or who wish to explore their options for other types of loans, can find out more by contacting American Family Funding through their website or by phone.
Ed. Note: This article is a KHTS Community Spotlight for Funding American Families.
American Family Finance a division of the American Pacific Mortgage Corporation NMLS # 1850
David cantrell NMLS # 1427091 – Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.
About U.S. Family Finance, Your Resource for Santa Clarita Mortgages
Santa Clarita Mortgage lender American family financing can help make your dream of homeownership come true. A much appreciated mortgage lender in Santa Clarita, American family financing emphasizes community engagement and is committed to giving back wherever possible. A friendly Santa Clarita mortgage advisor will do it first-time buyer have a simple and stress-free experience, even with bad credit or one low down payment. Unlike some mortgage companies in Santa Clarita or some mortgage brokers in Santa Clarita, the mortgage officers at American family financing also specialized in VA loans, reverse mortgages, refinancing and the STAR loan program. If you’re looking for the best mortgage lender in Santa Clarita or a “mortgage lender near me,” contact American Family Funding today.