In the competitive St. Louis housing market, more than 60% of homeowners choose conventional home loans for their low fixed rates and speedy approval process. These loans are ideal for St. Louis residents who have a steady income and value predictable and dependable financial planning.
Advantages of Conventional Home Loans
- Fixed Interest Rates A low, fixed interest rate guarantees that your mortgage payments will be the same favorable amount each month.
- Faster Approval Process Since conventional home loans are not government-backed, there is less paperwork, resulting in a smoother and quicker loan process. In a hot housing market like St. Louis, a speedy approval process could be the deciding factor in securing your new home.
- Low Down Payment With a conventional loan’s low down payment, you can spend your extra savings on home improvements, debt consolidation, or even keep it for future use.
- Refinancing an Existing Loan Because you will be locked into a fixed rate, conventional home loans are a good option for those St. Louis homeowners looking to refinance an existing FHA, USDA, VA, or an adjustable loan. With interest rates near all-time lows, there is no better time to refinance your current home loan.
Conventional Home Loans with Golden Oak Lending St. Louis
At Golden Oak Lending St. Louis, our mortgage experts efficiently determine your eligibility, guide you through the conventional loan process, and lock in your low rate. With the financial savings, you will be able to enjoy your St. Louis home in no time and for a long time! Call or contact us today.