Conventional Loans

What is a Conventional Loan?

A Conventional loan is a type of mortgage that complies with guidelines established by Fannie Mae and Freddie Mac and differ from FHA and VA government loans which are backed by the FHA (Federal Housing Administration). Conventional loans have a different requirement for your debt-to-income ratio as well as your credit score than FHA or VA loans. Endeavor Capital Mortgage offers a wide range of loan options to borrowers with either fixed or adjustable rates.

– Fixed or adjustable interest rate –

– 15 or 30 year terms –

– No Mortgage insurance with 20% or more down –

– No lending limits –

Do I Qualify?

To qualify for a conventional home loan there are established guidelines which can change frequently. Here’s some of the areas to qualify in:

Borrowers with as low as a 580 credit score

Minimum down payments as low as 3%

Chapter 13 Bankruptcy – You may have to wait 2-4 years to qualify

Current Missouri Mortgage Rates


30 Year Fixed


15 Year Fixed


5/1 ARM

Ready To Start?

Ready to get started?  Contact us today or apply online to get your pre-qualification started.  One of our experienced loan officers will contact you to help make the process quick, simple and hassle-free.

*Disclaimer: Certain restrictions and credit approval apply; not all applicants will qualify. All approvals are subject to underwriting guidelines which include but are not limited to: acceptable credit & income history, current homeowners insurance, property value, debt to income ratio, etc. Minimum & maximum loan amounts apply. Please contact Hometown Equity Mortgage for further details.