Most local homebuyers are in the market for an Indianapolis conventional loan. This refers to any standard conforming loan within the limits set by Fannie Mae and Freddie Mac.
In Marion County, these are the conforming loan limits for 2022:
Conventional loans are not government-insured. Loans which fall above the limits stated above are jumbo loans, not conventional loans.
At Grandview Lending, we offer both fixed rate and adjustable rate conventional mortgages to Indianapolis buyers. We provide multiple low-down payment options and 1st time homebuyer programs. PMI is available, as is a range of loan terms.
So whatever your budget and timeline for purchasing a house, we can set you up with a conventional loan that fits your needs. Furthermore, up to 3% in lender closing costs are paid by the seller. As a broker, we are paid by the lender, not in points. Many of our clients choose an interest rate which covers the entire cost of the loan. This reduces the overall cost of the loan while eliminating closing costs altogether.
You can use our conventional home loans for the following purposes:
Additionally, we offer a couple of unique programs and benefits:
We partner with our clients, walking shoulder to shoulder with them through the financial maze that mortgage lending has become.
Not sure whether you qualify for a conventional home loan in Indianapolis? Here are the basic requirements:
Grandview can help you apply for a conventional loan if you are eligible. What if you do not meet the requirements? If for whatever reason you do not qualify, there may be other home loan programs which are more suitable for your needs. We can assist you in locating a loan product which is appropriate for your financial status and goals.
We offer a unique program for customers with low credit scores. We can work with you to adjust your credit score if necessary so that you can qualify for the loan you want.
Using tools from the credit reporting agencies, we can create a workable plan to improve credit scores within a relatively brief period of time. This may range up to weeks or months in some cases, but may sometimes be as swift as days.
We will never walk away from any client. We are your partner, and will work hard to get you qualified. This consultation costs you nothing, and you are never under any obligation to go with us once your score improves.
Now you know more about what we can do for you at Grandview Lending, you probably have noticed that we take a different approach from other mortgage companies.
We listen carefully to you to understand in-depth what you are looking for in a mortgage, and then we provide you with the educational framework you need to make smart choices. If you encounter any obstacles, we help you work through them one step at a time. This process and our continuing commitment to customer service has earned us an A+ rating from the BBB.
We are standing by right now, ready to answer all your questions about Indianapolis conventional loans, or help you apply for a loan if you are ready to take the next step.