Spokane Conventional Loans
We are dedicated to helping qualified home buyers find the mortgage that fits their needs.
Let our experienced mortgage specialists help you find the right loan for your situation, including details on two of our most popular options:
- 30-Year Fixed-Rate Mortgage
You get the stability of a fixed interest rate that won’t change for the life of your loan. It’s perfect if you plan to live in your home for many years. - 15-Year Fixed-Rate Mortgage
This option could help to build equity faster while also providing a stable — and generally lower — interest rate. A good choice if you can afford the higher monthly payments.
A conventional loan is the most common form of mortgage in the U.S market. Conventional mortgages get it's name from the fact that they are not insured by any government agency as opposed to FHA loans and VA which are guaranteed by HUD and Veterans’ Administration respectively.
Most of the conventional loans in the U.S are Fixed Rate Mortgages where the interest rate is fixed for the entire term of the loan(generally thirty years). There are also Adjustable Rate Mortgages where the interest rate fluctuates on par with a predefined index.
