Conventional Loans

From GoPrime Mortage

Bozeman Home Loans:

Conventional Fixed Loan Rates

Conventional Loans are a good choice for borrowers with good credit and funds for a down payment ranging from 3–20% of the home purchase price. Conventional loans are what you think of when you are talking about a “plain vanilla” 30 year Fixed Rate Mortgage. Conventional mortgages are available for almost any type of residential property. Conventional loan limits for 2019 are now at $484,350. As the average price of new homes increases in our area, this expanded limit will help keep borrowers in a conventional loan and out of a Jumbo loan that can have a few more underwriting requirements.

Key Advantages of Conventional Loans:

  • Borrow for primary, secondary, vacation or investment properties
  • Designed for borrowers with strong credit and down payment as little as 3%
  • No requirements for upfront mortgage insurance premiums or funding fees like FHA, VA or USDA
  • Option to cancel Private Mortgage Insurance (PMI) at 80% loan-to-value ratio
  • Allows the use of non-occupant coborrowers to help qualify for purchase of a primary residence
  • We offer terms of 30, 25, 20 or 15 year fixed rate terms or a variety of Adjustable Rate terms as well

Contact our lenders today to apply for a conventional fixed-rate home loan.

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Mortgage Rates

When you are looking for current mortgage rates, you need to speak with a person you can trust with your finances and find a local Montana mortgage company you know will work with you and your finances to set up the best deal that is right for you.

Refinancing

Historical low-interest rates ensure there’s never been a better time to refinance your existing mortgage. When you are looking for current mortgage rates, you need to speak with a person you can trust with your finances and find a company that will work with you to set up what is right for you.

What to Expect

Not sure what you'll need when applying for a mortgage? GoPrime Mortgage has a gathered all the information you need to feel confident moving forward. From required documentation to application steps and tips, we've got you covered.

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Buying a home is one of the most important financial decisions you’ll make during your lifetime. Earnest money is at stake, and there is a firm, contracted closing date on the purchase and sale agreement. It is critical that you partner with a trusted Montana mortgage planner who can guide you through the process.

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