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    Email: bruce@aspenmtg.com

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  • The Conventional Conforming Loan program is the traditional mortgage program. The standardized guidelines are set by Fannie Mae and Freddie Mac. It can be used to finance all different types of residential properties. 

    The loan requires mortgage insurance if the down payment is less than 20 percent of the purchase price or appraised value, whichever is less. The monthly mortgage premiums can be less than FHA mortgage insurance.

    Loan Terms: 10, 15, 20, 25, 30 year loans

    Loan Types: Fixed and Adjustable

    Interest Rate Types: Purchase, Refinance

    Property Types: Primary Residence, Second Home & Investment Properties

    Down payment as low as 3% of the purchase price.

    Mortgage Insurance can be canceled when the principal balance is less than 80% of the market value of the home. 

    Loan amounts up to $424,100.  Higher loan amounts require JUMBO financing.