Conventional Mortgage

Conventional Fixed Rate Mortgage

A “Conventional” (Conforming) Fixed Rate mortgage is ideal for borrowers with good credit needing a loan under $806,500 that plan to stay in the home for several years. A “conventional” (conforming) mortgage is a loan that conforms to established guidelines for the size of the loan and your financial situation.

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Features of Conventional Fixed Rate Mortgage

Maximum loan amount is generally limited to $806,500 for a single-family home (limits may be higher in regions where home prices are higher)
Typically requires at least 5% down payment although options as low as 3% down could be available. (Terms improve with higher down payment amounts)
Popular fixed rate loan terms include 30-year, 20-year and 15-year (the longer the loan term the lower the monthly payments but also the more interest paid over the life of the loan)
Eligible for first time homebuyer or repeat buyer
Eligible for primary residence, secondary home or investment property

Benefits of Conventional Fixed Rate Mortgage

Interest rate does not change over the life of your loan, so easy to budget for monthly payments
May offer a lower interest rate and APR than other types of fixed-rate loans

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Love the service we received. Great experience

Belinda S.

Ashley was terrific. Wet friendly, thorough and detail oriented. Even though the process sucks Ashley went over and above to help at every step. If it weren’t for Ashley we’d be renting right now but instead we are living in our own home. Cannot thank her enough!

Krisha h.

Darren worked with us to find the best rate at the best time in our timeline, listened and answered all concerns, & never had a hiccup

Taylor C.

Benton, LA

I love the constant communication and how knowledgeable MeLisa is. Clients are her main focus and concern

Melissa J.

Ashley Neely and her team are amazing! We found them to be very knowledgeable and professional. They offer services that many others don’t have, and their rates and fees are competitive. Most of all, they make it obvious that your business matters to them, and they go above and beyond to help you every step of the way. It has truly been a pleasure to deal with them and we will be forever grateful for the personal attention they gave us. Choosing GMFS to finance our new construction has truly been one of the best decisions we made, and we highly recommend that everyone consider them for their mortgage lending needs. Thank you, Ashley, for all you have done for us!

Donna T.

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With GMFS Mortgage, you’re not just getting a loan—you’re getting a team that’s all in, every step of the way.

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Since 1999, we’ve helped over 150,000 people across 23 states become homeowners.

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*Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.

Purchase Price	Loan Amount	Interest Rate	APR	Term
$239,000	$227,050	6.5%	6.725%	30