Smart Financing
Conventional Mortgages Made Simple
Southern Elite Mortgage offers smart financing through conventional mortgages designed to fit today’s buyers. With flexible terms, competitive rates, and low down payment options, we make homeownership more accessible. Our experienced team guides you from application to closing, ensuring confidence and clarity at every step.
Over 20+
Years of experience
At Southern Trust, we believe in simplifying home loans. Our Priority Approval program helps you move from application to approval in just one day, giving you a strong edge in the home-buying market.
About this loan
What is a Conventional Mortgage?
A conventional mortgage is a home loan not insured by a government agency. These loans follow Fannie Mae and Freddie Mac guidelines, offering buyers flexible terms, competitive rates, and diverse financing options.
Conventional loans often have lower costs compared to government-backed loans. Without the requirement for upfront mortgage insurance premiums, you save on initial costs.
Choose from various term lengths, typically ranging from 10 to 30 years. Shorter the loan term, the less interest you will pay over the life of the loan.
With as little as 3% down, private mortgage insurance (PMI) may be required to protect the lender. But, with a 20% down payment, no mortgage insurance is necessary, reducing your monthly costs.
With a strong credit score, you can secure lower interest rates compared to other types of loans, potentially saving thousands over the life of your mortgage.
what you need
Conventional mortgage qualifications focus on credit, income, and down payment strength, helping buyers secure flexible financing options with competitive rates and long-term savings.
To qualify for a conventional mortgage, you generally need:
Keys to Your Home
Guiding You to Homeownership
We provide expert guidance, resources, and tailored programs that simplify the mortgage process, helping every buyer move confidently toward successful homeownership.
Conventional loans are easier to obtain, and only available, for those borrowers with good credit scores and that have cash readily available for a down payment. If you are fortunate enough to meet the criteria, then you might be able to acquire a loan with a lower cost that can be processed faster than a government loan.
If you do decide to apply for a convention loan, make sure to shop around first. It’s always best to get a Loan Estimate (LE) before committing to any particular lender, as lenders often offer different rates, terms, and fees. With the additional research, you can be sure to get the best mortgage terms possible for your home loan!
Ready to Save?
Secure Your Conventional Loan Today
Conventional mortgages offer flexibility, lower long-term costs, and competitive rates. Southern Trust Mortgage is here to guide you every step, ensuring confidence from application to closing.
Whether you're buying your first home or refinancing, Southern Trust Mortgage is here to guide you. With expert support and seamless loan solutions, we make homeownership simple and stress-free.
Southern Trust Mortgage LLC, NMLS #2921 ( www.nmlsconsumeraccess.org ) lends in the following states: District of Columbia – #MLB-2921 | Delaware –#036386 | Maryland | North Carolina – #205483 | Pennsylvania –#94064| South Carolina | Tennessee | West Virginia –#ML-34191 | Virginia – #MC7387 | Florida – MLD #2151; Southern Trust Mortgage, LLC d/b/a Southern Residential Lending in the following states: Georgia –#16579 | New Jersey – Licensed by the N.J. Department of Banking and Insurance. By refinancing a consumer’s existing loan, the consumer’s total finance charges may be higher over the life of the loan.
