A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the life. Generally speaking, monthly payments remain constant. Traditionally borrowers are expected to provide a 20 percent down payment though this is not necessarily required as we offer as low as 1% down.
Contact us for details on down payment requirements. Available terms generally range from 10 years, 15 years, 30 years and 40 years.
Term: 30 years Maximum Amount: $424,000 Most lenders require minimum middle credit score of 620 to qualify.
What is your loan scenario?
Please feel free to ask us any loan questions.
GDM Mortgage corp
1802 N Alafaya Trl, Suite 164 Orlando, FL 32826 NMLS: 1588221