Getting A Loan

Conventional

Conventional Loans

A conventional loan is a mortgage that is not guaranteed or insured by any government agency. These loans are typically backed by Fannie Mae or Freddie Mac.

Loan Benefits: 

  • Can be a fixed rate or adjustable rate

  • Can be a 30 year term down to a 10 year term

  • Can be funded (start to finish) in as little as 10 business days

  • Can have less strict appraisal requirements than other options

  • Mortgage Insurance (PMI) can be removed once you have at least 22% equity

    • We do have options with less than 20% down with NO monthly PMI​

  • Can be used to purchase a primary, 2nd home/vacation property or investment home

Borrowing Power

Borrow up to 50% of your debt to income. This means how much you make vs. how much you owe each month. 

Speed to Close

Close in as little as 10 business days! Average closing expectation is 30 days or less. 

*Call for exceptions 

Minimum Credit Score

The minimum credit score a typical borrower will need to have is 620.

*Call for exceptions 

Minimum Down Payment

Purchase with as little as 3% down. In many cases the funds can be gifted. 

*Call for exceptions 

Have More Questions?

Wesley Wyrick | Vice President Of Sales | NMLS  1067576​ | 3818 Teays Valley Rd, Hurricane WV 25526

NMLS      |      FAIR LENDER      |      FAIR HOUSING

Licensed by the Dept. of Business Oversight under the Kentucky Mortgage Company License MC81516;  L-158799; Ohio Mortgage Broker Banker Exemption MB.850056.000; Tennessee Department of Financial Institutions #122390; West Virginia Mortgage Lenders License # ML-24537; Licensed by the Tennessee Department of Financial Institutions 122390 NMLS ID #50635 (www.nmlsconsumeraccess.org) Victorian Finance, LLC DBA American Home Mortgage

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