Conventional Mortgage Illinois

A conventional loan can help you make your dream home a reality. Take advantage of a flexible loan solution that can be structured to fit your homebuying goals.

At Homesite Mortgage, we are here to help you find the loan you need — and make the process as easy as possible.

About Conventional Loans

Because a conventional loan isn't backed by the federal government, it offers borrowers more flexibility than other types of loans. It's one of the of the most popular and most traditional types of home loans and typically offers terms that range from 10 to 30 years.

Depending on your needs and goals, it can either be a fixed-rate loan or an adjustable-rate mortgage (ARM). The conventional loan is a perfect solution for borrowers who have good credit scores and cash for a down payment. With either rate type, it offers borrowers the ability to choose these elements:

  • Mortgage size
  • Interest rate
  • Loan terms

With a conventional loan, you have more flexibility on issues like interest rates and home inspections. Homesite Mortgage will work with you to achieve a mortgage term that fits your homebuying needs.

What Are the Benefits of a Conventional Mortgage?

While most types of government-sponsored loans come with many restrictions, a conventional mortgage can provide you with the flexibility you need. When you choose Homesite Mortgage, here are a few of the benefits you'll be able to experience with a conventional mortgage:

  • You won't have to pay for private mortgage insurance (PMI), which helps reduce the overall cost of the mortgage.
  • We provide the flexibility to choose fixed-rate or adjustable-rate mortgages depending on factors like current interest rates and loan term.
  • You have easy access to funds, which can be used for additional financing for remodeling or even buying furnishings.

Benefits of Choosing Homesite Mortgage

Here at Homesite Mortgage, we understand that your homebuying journey is unique, which is why we always strive to learn more about your home mortgage needs and goals. We are not a one-size-fits-all lender, which means we'll work with each prospective homebuyer to ensure they receive the best loan possible.

While we have a regional lending reach, we are still small enough to deliver personal service, below-market interest rates and assistance to help you stay on track to reach your home mortgage goals.

When you come to us for a conventional loan in Illinois, you'll also be able to take advantage of these and other benefits:

  • Licensed mortgage bankers: Our bankers have the training and experience needed to provide you with mortgage advice and guidance. We are also committed to delivering exceptional customer service to address all your lending needs.
  • Quick and easy process: With our quick turnaround times, you can feel confident knowing we'll help you get approved in as little as 24 hours. You can also expect your loan to close in as little as 18-22 business days.
  • Closing Day Guarantee: Even if you plan your closing day weeks ahead of time, you can be confident that we'll close your purchase on time. Our Closing Day Guarantee ensures you experience a seamless process from start to finish.

Think a Conventional Loan on an Illinois Home Is Right for You?

Our team at Homesite Mortgage is here to walk you through the conventional loan process and answer any questions you may have. We do everything possible to make the homebuying journey easy and enjoyable. If you're interested in speaking and working with our mortgage lenders and financial experts, we invite you to give us a call at 877-941-2819 or submit our contact form online today.

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