Why Would You Transfer a VA Loan to Conventional?
With its low interest rates and no-money-down options, you may wonder why you would transfer a VA loan to a conventional loan. Believe it or not, there are a few scenarios that may warrant the switch....
View ArticleConforming Loan vs. Conventional Loan
If you’re planning to purchase a new home, you may hear terms like “conforming,” noncomforming,” or “conventional” when loan officers talk about mortgage options. These terms may leave you scratching...
View ArticleConventional Loan Home Condition Requirements
If you’re looking to finance a home with a conventional loan, you’ve likely considered the lender conditions required to qualify for a mortgage. But did you know there are conventional loan home...
View ArticleHow Many Conventional Loans Can You Have?
If you’re already a homeowner with a mortgage on your primary residence and you’re hoping to finance the purchase of a vacation home or you’re looking to get into real estate investing and want to...
View ArticleJumbo Loan vs. Conventional Loan
The difference between a jumbo loan and a conventional loan boils down to the loan amount. If you’re above the conventional loan limit set by Fannie Mae or Freddie Mac, a jumbo loan would be the best...
View ArticleConventional Loan vs. USDA Loan
If you live in a rural community and are looking to purchase a home, you might want to consider a USDA loan versus a conventional mortgage loan. Designed for buyers of rural properties, USDA loans can...
View Article5% Down Conventional Loan Requirements
A conventional loan is a popular type of mortgage that people take out to purchase their home. It doesn’t matter whether you’re a first-time buyer or not and conventional loans are suitable for lots...
View ArticleConventional Loan Definition
When shopping for a mortgage, borrowers are constantly bombarded with lots of different terminology that may sound confusing to the average person – fixed rate, adjustable rate, equity, principal,...
View ArticleWhat Are The Pros And Cons Of Conventional Loans?
When shopping for a mortgage, you may be presented with several options for your home loan. The main types are government-backed loans such as Federal Housing Administration (FHA) and Veterans Affairs...
View ArticleUnderstanding The Difference Between An FHA And Conventional Loan
With so many mortgage options available, it might be hard to narrow down the options for a home loan without learning what makes each financing option unique. In today’s article, we will cover the...
View ArticleConventional Loan Credit Score Requirements
When buying a home, one of the most important things that borrowers need to consider when applying for a conventional mortgage is their credit score. We use credit scores to determine a borrowers’...
View ArticleConventional Loan Qualifications: Your Guide to Qualifying For a Conventional...
When it comes to home loans, conventional loans are the most popular option for homebuyers. They offer benefits like: Low down payment options, Flexible loan terms, and The ability to remove PMI...
View ArticleWhat is the Difference Between a VA Home Loan and a Conventional Home Loan?
There are several differences between a VA home loan and a conventional home loan. The most significant difference is that VA loans are only available to eligible military service people, veterans,...
View ArticleHow Much Down Payment is Required for a Conventional Loan?
Conventional loan down payment requirements One of the most significant barriers to buying a home is the down payment. However, there’s a common misconception about conventional loan qualifications...
View ArticleIs a Home Inspection Required for a Conventional Loan?
Most lenders don’t require home inspections when you apply for conventional loans. However, as a buyer, it’s in your best interest to get one, whether you plan to live in or rent a house with a...
View ArticleCan I Rent My House with a Conventional Loan?
Yes, you can rent your home with a conventional loan. In fact, a conventional loan is the best and most flexible financing option for rental properties if you compare, say, a USDA home loan versus...
View ArticleConventional Mortgage Loan Florida
So you’re ready to purchase your first home? Although this milestone can be exciting, it may also leave you feeling a bit overwhelmed. You may wonder how much of a down payment you’ll need, if your...
View ArticleCan You Flip a House with a Conventional Loan
If you’re a savvy borrower looking to make some extra income by fixing and flipping a house, you may be wondering, “Can you flip a house with a conventional loan?” The answer is “yes,” but you’ll have...
View ArticleCan I Get a Conventional Loan with a Foreclosure?
If you’ve had a foreclosure in your home ownership history, you may be wondering, “Can I get a conventional loan with a foreclosure?” The answer is “yes,” there are a variety of conventional mortgages...
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19 OVM Financial Loan Officers Featured on Scotsman Guide Top Originators List
OVM Financial’s presence on the Scotsman Guide Top Originators list has grown, with 19 Mortgage Loan Originators in the rankings. The 2022 rankings feature six first-time Scotsman Guide Top...
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