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
2750 Taylor Ave, Suite 25 Orlando, FL 32806 NMLS: 1588221