Conventional Loans

A conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate.

Your Home Loan is Waiting

You need a home loan lender who understands your financial situation as much as they understand your personal goals. And that’s where we come in.

Might you be eligible?

See if you meet these basic eligibility requirements:

  • You can use a conventional loan to buy a primary residence, second home, or rental property
  • Conventional loans are available in fixed rates, adjustable rates (ARMs), and offer many loan terms usually from 10 to 30 years
  • Down payments as low as 3%
  • No monthly mortgage insurance with a down payment of at least 20%
  • Lower mortgage insurance costs than FHA
  • Mortgage insurance is cancelable when home equity reaches 20%
Conventional Loan

Work with us whatever way works for you. Connect in person, online, or over the phone. Your home mortgage consultant will be by your side throughout the home-buying process.

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Our Loan Products

Compare different types of new home and refinance mortgage loan programs and their features to help you decide which product is best for you.

FHA Loan

Looking to buy a home with as little as 3.5% down and easy qualification and credit requirements? Learn more about FHA loans and apply today!

VA Loan

Discover the benefits of a VA loan including VA mortgage rate information. Government-backed VA loans require no down payment or PMI insurance. Apply today.

HARP Loans

Introduced in March 2009, HARP enables borrowers with little or no equity to refinance into more affordable mortgages without new or additional mortgage insurance.

HomePath Loan

HomePath allows you to buy homes that have previously been repossessed by Fannie Mae. It allows you to get a home with as little as 5% down and have no mortgage insurance.

Jumbo Loan

Jumbo loan mortgages are a great way to buy a luxury home . Jumbo mortgages can exceed the conforming loan limit. Learn more to see if this is the right option for you.

Conventional Loan

A conventional fixed-rate mortgage guarantees a fixed interest rate and payment over the life of the loan with terms ranging in average from 10 to 30 years.

Features & Benefits

There are six distinct phases of the mortgage loan process: pre-approval, house shopping; mortgage application; loan processing; underwriting and closing. Here’s what you need to know about each step.

Mortgage Pre-Approval

A loan pre-approval sets you up for a smooth home buying experience.

House Shopping

At this stage, it’s a good idea to start working with a buyer’s agent and viewing homes.

Applying for a Mortgage

To apply for a mortgage loan, you will have to provide a lender with personal financial information.

Loan Processing

Loan processors gather documentation about the borrower and property and reviews all information provided.


The underwriter is the key decision-maker. They closely evaluate all the documentation prepared by the loan processor in the loan package.


The closing is the moment for which you’ve been waiting. It’s time to sign a bunch of documents and complete your purchase or refinance.

Personal Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.


Maximum age of applicant at loan maturity: 60 years


Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

Frequently Asked Questions and Answers To Your Loan Needs

A “conventional” mortgage is one that is not insured by the federal government. An FHA loan is insured by the government. FHA loans usually have lower down-payment requirements, when compared to conventional mortgages. This is one of the key differences between them. It also accounts for their popularity among first-time home buyers.

The FHA does not actually lend you the money. This is a common misconception. You would still get the money from a regular lender, as with a conventional loan. The difference is the insurance provided by the government. The Federal Housing Administration guarantees the loan, so the lender is covered if the borrower defaults on the loan. This reduces the lender’s risk. This is also why the down payment for an FHA loan is generally lower than a conventional mortgage.

Minimum FICO (Credit) score is 640 with up to 50% Maximum Debt to Income Ratio.

The Conventional loan is a fully-amortizing mortgage, with a term of 30 years with zero points.

Depending on the mortgage insurance company, some borrowers may be required to use their own funds towards the down payment. The minimum down payment may vary depending on the Mortgage Insurer. A HOC Participating Lender will determine the minimum down payment requirement for you.

Get a Quote

Apply for a Southwest Florida Lending, LLC Loan online, All you need to do is provide your details below application form.