All About Conventional Loans | PierPoint Mortgage Stamford

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ABOUT CONVENTIONAL
LOANS
Presentations By PierPoint Mortgage
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AABBOOUUTTUUSS
CONVENTIONAL LOANS
LIST OF CONTENT
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REQUIREMENTS FOR A CONVENTIONAL LOAN
BENEFITS OF CONVENTIONAL HOME LOANS
WHY CHOOSE US
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ABOUT US
WELCOME TO PIERPOINT MORTGAGE STAMFORD PierPoint
Mortgage, LLC, was founded in 2003 and have been
offering brilliant services ever since.
PierPoint Mortgage is a nationwide mortgage
broker that has over 50 years of mortgage
experience.
WWW.PIERPOINTMORTGAGE.COM
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TIPS TO APPLY FOR A CONVENTIONAL LOAN
Conventional Loans are the most desired option
when you are ready to buy the home of your
dreams. However, the loan process can feel
intimidating for first-time homebuyers. So, the
PierPoint Mortgage team is here to help you. With
our highly experienced and qualified mortgage
lenders, you can avoid the hassle and avail
yourself of top-rated conventional home loan
services at competitive rates. Whether you need
help exploring the best mortgage options or
getting pre-approved, we have got you covered!
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ABOUT CONVENTIONAL LOANS

• Conventional Loans, also known as Conforming
  Loans, offer an excellent financing option for
  home buyers. These loans are typically granted
  by traditional mortgage lenders, such as banks
  or third- party mortgage lenders.
• These loans are supervised and regulated by
  Federal Housing Finance Agency (FHFA) which also
  specifies the conforming loan limits. These are
  usually guaranteed by Fannie Mae and Freddie
  Mac.
• Conventional mortgages can be classified as fixed
  mortgages and adjustable-rate mortgages. These
  can include customized mortgage plans such as a
  30-year fixed mortgage, a 15-year fixed
  mortgage, hybrid ARMs, etc.

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REQUIREMENTS FOR A CONVENTIONAL LOAN
The following are the essential requirements you
should be prepared to meet when you apply for a
conventional loan Applicant should have a good
credit score i.e., 620 or above The applicant
needs to have a favorable debt-to-income
ratio(such as below 45) Applicants must provide
sufficient proof of income Proof of cash
reserves and assets will be required A home
appraisal will be required to verify the
propertys value and condition Details of the
applicants credit history and debt-to-income
ratio will be needed Additionally, a few other
details might be needed by lenders. At PierPoint
Mortgage, we have a specialized team of mortgage
experts to guide you with your every step during
the home loan process. So, dont hesitate to
reach out to us for any queries.
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A conventional loan is the best option when you
want to purchase a bigger home and are
financially ready to take the long-term loan
commitment. These loans come with a range of
benefits, such as
BENEFITS OF CONVENTIONAL HOME LOANS
Low monthly payments Affordable interest rates
Fixed mortgage installments Flexible terms and
conditions based on your financial capabilities
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WHY CHOOSE US!
If you are searching for the best mortgage
lenders, you can rely on our experienced and
trusted conventional home loan experts for
assistance. We have accumulated extensive
experience over the years in the home loan and
mortgage industry. Our team will discuss your
available options and help you find the right
loan product. From pre-application to closing,
our team will ensure that your entire home loan
process is as seamless as possible. We also
assist applicants with other government-backed
loans, such as the Federal Housing Administration
(FHA) loan, USDA, Jumbo loans, or Veterans
Affairs (VA) loans. So, what are you waiting for?
Apply for a conventional mortgage with the
licensed experts at PierPoint Mortgage today!
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THANKS
PierPoint Mortgage - Stamford We deal in various
mortgage programs that will help you become a
proud homeowner.
Website www.pierpointmortgage.com Email
frontdesk_at_pierpointmortgage.com Address 680 E
Main Street 559 Stamford, CT 06901 Phone
475-224-2122 EQUAL HOMING OPPORTUNITY