Conventional Loans: Securing Your Home
Conventional loans are the most common type of mortgage, offering flexibility and competitive terms for a wide range of borrowers. At Donnie Benningfield Loans, we work with you to find a conventional loan that perfectly fits your financial picture, whether you’re a first-time homebuyer or looking to refinance.
"What Is Conventional Loans?"
Conventional loans are the most common type of mortgage and are not insured or guaranteed by a government agency (like FHA or VA loans). Instead, they are backed by private lenders, like Donnie Benningfield Loans, and are ideal for borrowers with good to excellent credit and a stable financial history.
"Latest Conventional Loan Rates in Florida"
Conventional loans are the most common type of mortgage and offer a flexible path to homeownership for a wide range of borrowers. Unlike government-backed loans, conventional loans are privately insured or not insured at all, allowing for greater versatility in terms and conditions.
"Loan Benefits with
Donnie Benningfield"
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Enjoy no down payment and low rates with flexible loan options.
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Financing available for loan amounts exceeding $1 million
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Custom financing solutions for high-value properties with flexible rate options
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No down payment required with loan financing.
"Who Qualifies for a Conventional Loan?"
You may find a Conventional Loan is the right fit if you:
Strong credit scores typically lead to better interest rates and terms.
While 20% down is ideal to avoid Private Mortgage Insurance (PMI), many conventional loans now offer options with down payments as low as 3-5%.
Conventional loans often provide stable, attractive interest rates for qualified borrowers.
Conventional loans offer versatility for different property types.
With clear guidelines, conventional loans can be an efficient path to homeownership.
Why Choose Donnie Benningfield?
At Donnie Benningfield Loans, we are honored to assist our nation’s active-duty service members, Veterans, and eligible surviving spouses in achieving their homeownership dreams. With deep respect for your service, we specialize in guiding you through the unique benefits of VA loans.
We are known for
"FAQs"
Donnie Benningfield Loans offers a diverse range of loan options to meet various needs, including Purchase Loans for new home purchases, Refinance Loans to optimize existing mortgages, VA Loans for eligible service members and veterans, FHA Loans for accessible homeownership, and Conventional Loans with competitive rates. We’re committed to helping you find the perfect fit for your financial situation.
VA Loans are an incredible benefit for eligible active-duty service members, Veterans, and surviving spouses. They often come with significant advantages like no down payment requirements for those with full entitlement, no private mortgage insurance (PMI), and competitive interest rates. Eligibility depends on your service history; our team at Donnie Benningfield Loans can help you understand the specific requirements and assist you in obtaining your Certificate of Eligibility (COE).
Refinancing can be a smart financial move for several reasons, such as lowering your interest rate, reducing your monthly payment, converting an adjustable-rate mortgage to a fixed rate, or cashing out equity for home improvements or debt consolidation. The best time to refinance depends on your current loan terms, market rates, and personal financial goals. Contact us for a personalized consultation to see if refinancing aligns with your objectives.
We proudly serve clients across a wide geographical area. Donnie Benningfield Loans is licensed in Kentucky, Florida, Indiana, Ohio, Tennessee, Georgia, Texas, and California. No matter which of these states you’re in, our experienced team is ready to assist you with your home financing needs.
The best first step is to get pre-approved for a mortgage. Pre-approval helps you understand how much you can afford, strengthens your offer to sellers, and streamlines the overall loan process. You can start by contacting our team at 502 639 7843 or donnie@statewidemortgage.com. We’ll guide you through the necessary documentation and answer all your questions to get you started on your homeownership journey.
Lock in Top Mortgage Rates Now
Join countless homeowners across Kentucky, Florida, Indiana, Ohio, Tennessee, Georgia, Texas, and California who trust us to guide them every step of the way.
