Conventional Loans
What is a Conventional Loan?
If you are looking to purchase a home, conventional loans are a great financing option for your needs.
Conventional loans serve as a pathway to homeownership for many individuals and families.
These mortgage loans are not guaranteed or insured by the federal government, but instead are backed by private lenders such as banks, credit unions, and mortgage companies.
They are often attractive to borrowers with good credit, as they can offer competitive interest rates and flexible terms.
Whether you’re a first-time homebuyer or looking to refinance your current home, understanding conventional loans can be your first step towards securing your financial future.
Conventional Loans: What You Need to Know
- Good to Great Credit
- Lower Down payment
- Higher Loan Limts
- More Options
- Flexible Terms
- No Upfront Funding Fees
- Less Restrictions on Appraisals
- Faster Closings
- Optional Escrow Accounts
- PMI Drops Without Refinancing
Our Pre-Approval Process
Follow the 5-Step process to guaranteed success in your home buying journey. Our goal is to ensure a smooth and fluid process, which is achieved educating you every step of the way. Let us guide you home!
We begin by understanding your financial goals and needs and discussing various loan options available to you in detail.
Once you've chosen the right loan program, we assist you in completing the loan application accurately and efficiently.
You'll securely upload necessary documents such as income statements, tax returns, and identification to our online portal for review.
Our team reviews your application and documents to ensure everything is in order and meets lender requirements.
Upon successful review, you'll receive pre-approval, indicating that you meet initial qualification criteria, giving you confidence as you move forward with your home purchase.
Ready to Start The Pre-approval Process?
Its never too early to start the pre-approval process!
Choose us for our unparalleled expertise and years of experience in the mortgage industry. Our team of professionals possesses deep knowledge and understanding of the market, ensuring you receive top-notch guidance and advice throughout the loan process.
With us, you can trust that you're working with a transparent and trustworthy partner. We believe in open communication, honesty, and integrity, providing you with clear information and guidance to make informed decisions confidently. Choose us for a seamless and trustworthy mortgage experience you can rely on.
we offer flexible fees and an easy process, ensuring a hassle-free experience from start to finish. Choose us for a seamless and trustworthy mortgage experience you can rely on.
Book an Appointment Now!
Verified Google Reviews
GoodBased on 40 reviewsTrustindex verifies that the original source of the review is Google.Dallas HidalgoReed has always been one of the best mortgage brokers to work with. He has the best rates and has always gotten the deal to the closing table.Trustindex verifies that the original source of the review is Google.MV GoodReed was an outstanding professional to work with! He helped us understand which mortgage option was best for us and was always very responsive to questions. I highly recommend him and his company if you are looking for a mortgage company.Trustindex verifies that the original source of the review is Google.Leah CanfieldI represented Buyers who got their mortgage from the Letson Group and Reed and his team were responsive, professional, and quick to problem solve as we had some last minute hoops to jump through on the Real Estate sale. They offer more diverse loan options than a standard bank and their rates are competitive. I recommend them!Trustindex verifies that the original source of the review is Google.Kira MolinaReed and the team at Elevation Mortgage are the best lending team around hands down!!!! At soooo many points in the home buying process I felt overwhelmed and as if I was just drowning trying to keep up with what was going on but Reed and his team were SUPER SUPER SUPER patient with me and always had time to answer my questions, calm my fears and walk me through everything!! I cannot speak highly enough of the Elevation Mortgage team!!! I started out with a different lender and an absolutely horrible experience and Reed did everything he could reasonably do to help me!!! My husband and I HIGHLY recommend them for your mortgage needs, we are so blessed to have found them!!!!Trustindex verifies that the original source of the review is Google.Jake DuvallReed and his team were able to help me out tremendously. They were able to answer all my questions and provided excellent service throughout the process. Thank Elevation Mortgage!Trustindex verifies that the original source of the review is Google.Shawn McVeyReed is great to work with. He is professional, caring and very responsive in helping you out with your mortgage.Trustindex verifies that the original source of the review is Google.Kirk MacklemElevation Mortgage has been rock solid with assisting buyers that I've sent their way. As a Realtor I have high expectations for my lender partners and Elevation is outstanding. Very professional, knowledgeable, responsive and thorough! Do not hesitate to reach out to the top mortgage broker in Colorado Springs, you'll be glad you did.Trustindex verifies that the original source of the review is Google.valeria mendozaTuvimos el privilegio de trabajar con Todd Vidic y ha sido la mejor experiencia para mi familia y para mi. El nos ayudo para conseguir el mejor prestamo y fue un processo rapido y satisfactorio. Estamos muy agradecidos con Todd y todo el equipo de Elevation Mortgage, definitivamente los recomendamos.