Conventional Loans

Valor Mortgage helps home buyers who are looking to purchase a home in Tennessee through the assistance of a conventional loan.

ABOUT LOAN

What is a

Conventional Loan?

Conventional loans are mortgage loans that aren’t backed by a government agency like the FHA, VA, or USDA. They are issued by private lenders and typically follow the guidelines set by Fannie Mae and Freddie Mac. These loans are a popular choice for borrowers with solid credit and financial stability.

Who is It Best For?

  • Good to excellent credit (typically 620 and above)

  • A stable income and employment history

  • The ability to make a 3%–20% down payment

  • A desire for flexible loan terms

BENEFITS

Benefits of Conventional Loans

Flexible Interest Rates

Conventional loans can offer more flexible interest rates, especially if you have a strong credit history.

01

Low Down Payment

Conventional loans are available for homebuyers with as little as 3% down, making them more accessible.

02

Privately Funded

Because conventional loans aren't backed by a government agency, lenders have more freedom to offer flexible options.

03

Higher Loan Limits

The lack of government involvement also means you'll usually be able to access more funds with a conventional loan.

04

Requirements

Conventional

Loan Requirements

  • Minimum credit score of 620

  • Minimum down payment of 0-5%

  • Favorable Debt-to-income ratio

  • Loan amount within local conforming loan limits

  • Proof of stable employment and income

  • Clean credit history (no recent bankruptcy or foreclosure)

Loan Process

Overview

1:Get Pre-Approved

Start with a quick and easy pre-qualification.

2:Choose Your Home

Find the perfect home that meets your goals.

3:Submit Documents

We’ll help guide you through the paperwork.

4:Close Your loan

Sign, fund, and receive your keys!

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Contact Us

ADDRESS: 724 S Main St // Springfield, TN 37172

PHONE: (615) 671.9178

EMAIL: [email protected]

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Valor Mortgage is powered by Encore Lending Group, LLC NMLS 1249911,

Christopher Armantrout Loan Officer NMLS 1210804