Conventional Home Loans
Conventional Home Loan Highlights
You don't need 20% down for conventional financing at Leaders.
Down Payment Options
Many believe conventional loans require 20% down. At Leaders conventional mortgage down payment options actually start as low as 3% or 5%.
Down Payment Source
Another misconception is that the down payment must come from your savings. Actually, it can come from many sources, including a family gift, retirement account(s), and an equity loan on other property.
Faster Loan Processing
Once in the process of closing your home, speed becomes important. Conventional mortgages typically present less hurdles and can be closed quickly.
Less Mortgage Insurance
Mortgage insurance can be avoided on 20% down conventional loans. Fortunately, smaller down payment conventional mortgages typically require less monthly mortgage insurance than government programs like FHA.
Contact Our Mortgage Champions
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Leaders Credit Union is an Equal Housing Lender
Leaders Credit Union
PO Box 10008
Jackson, TN 38308
731 664-1784
loyalty@leaderscu.com
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