Conventional Loan

Home Refinance or Purchase with a Conventional Loan

Find a Conventional Loan at eLEND

A conventional loan is one of the most common types of mortgages used to finance a home purchase or home refinance. The term “conventional loan” simply refers to any mortgage that is not insured or guaranteed by the federal government.

A fixed rate conventional mortgage offers a consistent monthly payment over the life of the loan, providing more security and enabling the homeowner to predict monthly expenses more easily.

For help with a mortgage comparison between a conventional loan and other types of loans (and for current home mortgage rates), consult the knowledgeable professionals at eLEND. Our Mortgage Loan Originators work to simplify the mortgage process and help you determine which conventional loan is right for you.

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As a leading mortgage lender, eLEND offers a variety of conventional loan options that include:

  • Fixed rate mortgages with terms of 30, 20, 15 or 10 years
  • Fannie Mae HomeStyle® Renovation Loans, a conventional loan that covers the purchase price of the house as well as the cost of repairs or renovations

Eligibility for any of our loans depends on several factors that include credit history and credit score, the amount of debt you have, your annual income and how much equity you have in the property.

In addition to conventional loans, eLEND offers jumbo loans for higher-priced homes, as well as government-backed loans and other mortgage products. Our mortgage consultants can use mortgage calculators to help answer the question on every homebuyer’s mind: “How much mortgage can I get?”

In addition to purchasing a home, you may choose to refinance your home with a conventional loan as well. Reasons to refinance may include:

Learn more about getting a conventional loan or how to refinance mortgage loans with help from eLEND.