Conventional Loans in Indianapolis

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.

What We Offer

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:

• Home purchase
• Debt consolidation
• Cash-out
• New construction
• HomeStyle Renovation

Additionally, we offer a couple of unique programs and benefits:

• Physicians may avail themselves of our doctor’s program for special advantageous loan terms.
• Those in need of extra assistance may inquire about Grandview Lending’s Community Access program.
• We also offer the Fannie Mae HomeReady program. A couple of our lenders are even willing to give a contribution of 2/3 of the cost of the down payment, leaving only a minimal amount for the borrower to cover. See more details in our program video. All our videos are located here.
• Are You Eligible for an Indianapolis Conventional Home Loan?

Not sure whether you qualify for a conventional home loan in Indianapolis? Here are the basic requirements:

• You must have a good credit score. If, however you have a lower score, we do offer other programs such as FHA loans for which you may qualify. FHA loans have competitive rates and represent a great alternative to conventional loans. We can also help you boost your score if necessary (see the next section).
• You will need a reasonable income-to-debt ratio, and/or enough assets to offset any shortcomings in this area.
• You need to be able to put down an initial down payment.
• You must be able to prove through documentation that your income is stable.
• The home you want to purchase must not have a value exceeding the Indianapolis conforming loan limits set by Fannie Mae and Freddie Mac.

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 Can Help You Improve Your Credit Score If Necessary

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.

Apply for an Indianapolis Conventional Loan Through Grandview Lending Today

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.