If you’re ready to buy a home but you’re unsure about where to begin, EZ Lending Solutions can help. We offer conventional mortgages that are designed to help ease the confusion and burden that is often associated with home loans and provide attainable, affordable solutions to every individual or family.
Most homeowners in the United States purchase their homes using a conventional mortgage, which is a loan that is neither offered nor secured by any kind of government entity. It is guaranteed by a private lender – typically a bank or credit union – or through Fannie Mae or Freddie Mac, which are both government-sponsored enterprises.
EZ Lending Solution offers a standard conventional mortgage with a 5% down payment. First-time buyers can take advantage of our Home Ready or Home Possible programs, each of which require a 3% down payment.
While these are the required minimum down payments, borrowers are encouraged to make larger down payments whenever possible. A larger down payment decreases the total amount borrowed, which can translate into lower interest rates and more affordable monthly payments.
Conventional mortgages are typically available in 15- and 30-year terms, which gives buyers flexibility based on their unique financial situation. Interest rates can vary depending on the length of the term, the buyer’s creditworthiness, and the amount of the down payment. Furthermore, the length of the term and interest rate affects the amount of the monthly mortgage payment.
Unlike other lenders, EZ Lending Solution provides a simplified and more affordable solution with our conventional mortgages. We work tirelessly to provide our clients with the perfect mortgages for their unique financial situations and lives. You deserve home ownership, and we are here to help.