Conventional Loans
Discover the benefits of conventional loans with Capital City Mortgage. Enjoy flexible terms, competitive rates, and the option to remove PMI. Start your journey to homeownership today
Unlock the Power of Homeownership with Conventional Loans
Owning a home isn’t just a milestone—it’s a powerful investment in your future. If you’re looking for a mortgage that offers flexibility, competitive terms, and long-term savings, a conventional loan may be the perfect solution. Here’s why conventional loans continue to be a top choice for homebuyers.
What Is a Conventional Loan? Conventional loans are mortgages that adhere to Fannie Mae and Freddie Mac guidelines. Unlike government-backed options like FHA or VA loans, conventional loans are funded by private lenders, offering a broad range of terms, interest rates, and down payment options. Their versatility makes them an attractive choice for many borrowers.
Why Choose a Conventional Loan?
Flexible Loan Terms: Choose a repayment plan that aligns with your financial strategy—opt for a shorter term with higher monthly payments or a longer term for lower payments.
Competitive Interest Rates: Your credit score, down payment, and loan term influence your rate, often leading to significant savings over other loan types.
Higher Loan Limits: Access larger loan amounts compared to FHA loans, giving you more purchasing power.
No Mandatory Mortgage Insurance: Put down 20% or more, and you can avoid mortgage insurance entirely, saving thousands over the life of the loan.
Option to Remove PMI: If your down payment is less than 20%, you can still eliminate private mortgage insurance (PMI) once you reach the required equity threshold—lowering your monthly payments over time.
What It Takes to Qualify Getting approved for a conventional loan is straightforward when you meet these key requirements:
Credit Score: A minimum of 620 is typically required. Higher scores unlock better rates and loan terms.
Debt-to-Income Ratio (DTI): Ideally 36% or lower, though some borrowers may qualify with up to 50%.
Down Payment: Options start as low as 3%, but a 20% down payment eliminates mortgage insurance and maximizes savings.
Stable Income & Employment: A consistent employment history and steady income over the past two years help demonstrate your ability to repay the loan.
Property Appraisal: An appraisal ensures the home’s value supports the loan amount, a crucial step in securing final approval.
Take the First Step Toward Homeownership Whether you’re a first-time buyer or looking to move into your dream home, a conventional loan offers the flexibility and benefits to make it happen. Contact Capital City Mortgage today to explore your options and start your journey toward homeownership with confidence.
Lincoln, NE
Omaha, NE
Nebraska
Lincoln homeowners can take advantage of conventional loans to secure competitive interest rates and flexible loan terms that suit their financial goals. Whether you’re purchasing a home in a historic area or settling in a quiet suburban neighborhood, a conventional loan provides higher loan limits and the ability to avoid mortgage insurance with a 20% down payment. With Lincoln’s growing economy and stable housing market, investing in a home with a conventional loan ensures long-term financial benefits and equity growth.
For Omaha residents, conventional loans offer a powerful financing solution, whether you’re buying a home in bustling downtown Omaha or a family-friendly suburb like Elkhorn. With access to higher loan amounts than FHA loans, homebuyers can afford properties in competitive markets while benefiting from lower monthly payments and the option to eliminate private mortgage insurance (PMI) over time. Omaha’s dynamic job market and strong real estate demand make a conventional loan a smart choice for those looking to maximize their investment.
Across Nebraska, conventional loans provide homeowners with the flexibility and financial advantages needed to achieve long-term stability. Whether you’re purchasing in a rural community, a growing city, or anywhere in between, the ability to customize loan terms, secure lower interest rates, and avoid unnecessary mortgage insurance costs makes conventional loans an excellent choice. As Nebraska continues to offer affordable homeownership opportunities, choosing a conventional loan ensures you can build equity and enjoy the financial security of homeownership.
Conventional Loans
Flexible Terms & Loan Options
Choose a repayment plan that fits your financial goals, from lower monthly payments to faster loan payoff.
No Upfront Mortgage Insurance
Save thousands by avoiding upfront mortgage insurance costs, especially with a 20% down payment.
Higher Loan Limits
Secure more financing compared to FHA loans, giving you greater purchasing power for your dream home.
Discover Tailored Solutions For Your Home
At Capital City Mortgage, we understand that every financial journey is unique. Our expert team is committed to providing personalized guidance that aligns with your specific needs. From competitive rates to customized plans, we are here to empower you with the knowledge and resources to make informed decisions. Start your path to homeownership today and experience the difference of a mortgage designed just for you.