Supreme Lending Traditional Loans Charlotte

Loan Programs

Traditional Loans

CONVENTIONAL LOANS

Conventional loans are actually any type of creditor agreement that are not financed by the Veterans Administration (VA), or supported by the Federal Housing Administration (FHA). In general, all conventional loans are protected by the government sponsored entities such as Fannie Mae (FNMA) and Freddie Mac (FHLMC).

 

There are two different types of Conventional loans; Conforming and Non-Conforming loans. Conforming loans have to meet the guidelines set by Fannie Mae and Freddie Mac. Any loan which does not meet guidelines is a non-conforming loan.

Advantages

    Lower Fees: Fees associated with Conventional loans frequently are lower than other loan products because the lender sets these rates.

    Interest Rates: Lenders determine the rates to offer borrowers based on their credit scores. A person with a solid credit score is often able to secure a lower rate.

JUMBO LOANS

A jumbo loan is a loan in which the amount borrowed is greater than the loan limit set by Fannie Mae (FNMA) & Freddie Mac (FHLMC). A loan amount greater than $424,100, is considered a jumbo loan.

Advantages

    Able to finance a home that is over the maximum loan amount of $424,100 established by Fannie Mae and Freddie Mac

    Enables a borrower to purchase “more house”

CONTACT US

Just fill out the quick form below and we’ll take it from there.

  • This field is for validation purposes and should be left unchanged.

Disclaimer:

NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.

$content_bottom_area = "yes"; if(get_post_meta($page_id, "qode_enable_content_bottom_area", true) != ""){ $content_bottom_area = get_post_meta($page_id, "qode_enable_content_bottom_area", true); } else{ if (isset($qode_options_proya['enable_content_bottom_area'])) { $content_bottom_area = $qode_options_proya['enable_content_bottom_area']; } } $content_bottom_area_sidebar = ""; if(get_post_meta($page_id, 'qode_choose_content_bottom_sidebar', true) != ""){ $content_bottom_area_sidebar = get_post_meta($page_id, 'qode_choose_content_bottom_sidebar', true); } else { if(isset($qode_options_proya['content_bottom_sidebar_custom_display'])) { $content_bottom_area_sidebar = $qode_options_proya['content_bottom_sidebar_custom_display']; } } $content_bottom_area_in_grid = true; if(get_post_meta($page_id, 'qode_content_bottom_sidebar_in_grid', true) != ""){ if(get_post_meta($page_id, 'qode_content_bottom_sidebar_in_grid', true) == "yes") { $content_bottom_area_in_grid = true; } else { $content_bottom_area_in_grid = false; } } else { if(isset($qode_options_proya['content_bottom_in_grid'])){if ($qode_options_proya['content_bottom_in_grid'] == "no") $content_bottom_area_in_grid = false;} } $content_bottom_background_color = ''; if(get_post_meta($page_id, "qode_content_bottom_background_color", true) != ""){ $content_bottom_background_color = get_post_meta($page_id, "qode_content_bottom_background_color", true); } ?>