can i get a conventional loan as a first time homebuyer?

With a credit score above 620 and 20% down, yes - you can get a conventional fixed or adjustable rate loan. The 20% down gives you a ton of options and the higher your credit score, the better your terms. Please let me know if you need a pre approval - no cost or obligation.

As long as your credit score is above 620 and you have 3 to 4 established trade lines being reported you should have no issues with getting a conventional mortgage. the higher your credit score the better the terms you will get.

First time buyers usually have used FHA, because it generally requires a lower down payment.Since you have a 20% down payment, you can qualify for a conventional loan, which would not have "mortgage insurance" (MI) attached to it,so your payment would be less, than one that has MI. As noted by others the better your credit score, the better the rate is generally would hold true, up to certain point.I would suggest you contact a local licensed mortgage professional to get your credit reviewed, and a pre approval set up, so you can talk confidentlywith a real estate agent about what you can afford to buy.

First time buyers usually have used FHA, because it generally requires a lower down payment.Since you have a 20% down payment, you can qualify for a conventional loan, which would not have "mortgage insurance" (MI) attached to it,so your payment would be less, than one that has MI. As noted by others the better your credit score, the better the rate is generally would hold true, up to certain point.I would suggest you contact a local licensed mortgage professional to get your credit reviewed, and a pre approval set up, so you can talk confidentlywith a real estate agent about what you can afford to buy.

First time buyers usually have used FHA, because it generally requires a lower down payment.Since you have a 20% down payment, you can qualify for a conventional loan, which would not have "mortgage insurance" (MI) attached to it,so your payment would be less, than one that has MI. As noted by others the better your credit score, the better the rate is generally would hold true, up to certain point.I would suggest you contact a local licensed mortgage professional to get your credit reviewed, and a pre approval set up, so you can talk confidentlywith a real estate agent about what you can afford to buy.

Yes you can definitely get a conventional loan as a first time homebuyer. With a conventional loan you need to have at least 20 percent down to avoid paying PMI (10 percent down with PMI) and a credit score of at least 620. FHA loans are often referred to as "first time homebuyer loans" because they allow a down payment of as little as 3.5 percent and lower credit scores, both of which first time buyers often have.

Yes, with 20% down and Income, asset, and credit qualify- you can get a conventional loan-check with a local lender who can help you through the process.

Aabsolutely you can get a conventional loan. You can also do it with only 3% down

Yes you can!

Yes.

Sure... we can offer many people a conventional loan with just 3% down. Most conventional loans start with 5% down. Conventional loans are better than FHA in two ways. First, the mortgage insurance is cheaper, and can go away when you reach 80% loan-to-value. After recent FHA rules changes, FHA mortgage insurance is more expensive and if you put less than 10% down, the mortgage insurance is for the life of the loan. www.JoeMetzler.com

You are fine. Go for it.

Yes, even if you were only doing a 3% down payment you can get a conventional loan as a first time home buyer. However, this also depends on you getting pre-qualified with a complete review of your income and credit. Best wishes and good luck,

Definitely! Lowest rates. Best Service. 20 years experience in the industry. I am always happy to assist so if you need more information, a pre-qualification, or a competing rate quote you can go to my web page and use my live support button to discuss anything at all with me in an easier format. Web Address is: http://www.loansfromrob.com/quote/ Email is rhanson@gladewaternational.com and direct phone is 240-752-7549. Good Luck -- Rob Hanson