Conventional Home Loans
Smart, simple home financing brought to you by Evolve’s conventional home loans for flexible, affordable mortgages for your home.
Evolve’s conventional home loans offer flexible financing solutions designed to fit your unique needs. Whether you’re buying a new home, refinancing, or investing, our streamlined process and competitive rates make homeownership more accessible. With expert guidance and a variety of loan options, we help you secure a conventional mortgage that aligns with your financial goals.
We are committed to offering exceptional conventional home loans and refinances with the best interest rates available.
Conventional loans are mortgage options that are not backed by government agencies like the FHA, VA, or USDA. Instead, they follow conventional loan requirements set by Fannie Mae and Freddie Mac, making them a popular choice for borrowers with solid credit and stable income.
Evolve offers these loans with competitive interest rates, flexible term lengths, and a variety of repayment structures to meet our customers’ diverse financial situations.
Conventional Home Loans that Make a Difference
With solid credit and a strong income, a fixed or adjustable rate conventional home mortgage or refinance may be the best solution for your long-term financial plan.
A fixed-rate mortgage provides stability with predictable monthly payments. Your interest rate remains constant throughout the loan term, making it an ideal choice for buyers looking for financial consistency.
An adjustable-rate mortgage (ARM) starts with a lower fixed interest rate for an initial period, then adjusts based on market conditions. This option works well for borrowers who plan to refinance or sell before the rate adjustment.
For high-value homes, a jumbo loan offers financing beyond conventional loan limits. These loans require strong credit and income qualifications but provide greater borrowing power for luxury properties and competitive real estate markets.
Benefits of Evolve’s Conventional Home Loans
- Competitive fixed-rate mortgage and ARM loan options
- Flexible loan terms to fit different financial situations
- Quick pre-approval and fast closing process
- Lower down payment options available
- No private mortgage insurance (PMI) for 20%+ down payments
- High loan limits for jumbo loan borrowers
- Custom loan structures for first-time and experienced buyers
- Refinancing solutions to lower rates or adjust terms
- Expert guidance on conventional loan requirements
- Access to a dedicated mortgage solutions team
- Digital application process for a seamless experience
- Interest-only and low-payment loan options
- Transparent terms with no hidden fees
- Trusted lending partner with proven results
- Personalized service tailored to your homebuying goals
Conventional Loan Considerations
To qualify for a conventional mortgage, borrowers typically need a credit score of 620 or higher, a debt-to-income ratio below 43%, and a stable income history.
Down payments range from 3% to 20%, depending on loan type and borrower profile.
For down payments under 20%, PMI is required but can be removed once home equity reaches 20%. This feature helps first-time buyers access financing with a lower initial investment.
Standard conventional home loans follow Fannie Mae and Freddie Mac guidelines, with loan limits in most areas. Jumbo loans cover amounts beyond these limits.
Home Loan FAQ's
Four Key Benefits
Evolve streamlines the process with fast approvals, personalized service, and financing for primary, secondary, or investment properties. With options for fixed or adjustable rates, we provide stability or adaptability based on your needs.
Interested in a Conventional Home Loan?
Contact us to discuss your options and learn more about conventional home loans through Evolve Bank & Trust.