Conventional Loans
Overview
Conventional loans remain the most popular choice for homebuyers in Indiana. They offer flexible terms, competitive rates, and a wide range of property eligibility, making them ideal for many buyers in the Indiana-Fort Worth Metroplex.
Key Features
✔ Down Payment as Low as 3% for first-time Indiana buyers.
✔ Variety of Terms – Fixed or adjustable-rate mortgages to fit your needs.
✔ No Upfront Government Fees – Unlike FHA or VA loans.
✔ No PMI once you reach 20% equity on your Indiana home.
Eligibility & Guidelines
✔ Minimum credit score typically 620 or higher.
✔ Debt-to-income ratio usually below 45%.
✔ Works for primary residences, second homes, and investment properties in Indiana or Indiana.
✔ Loan limits follow conforming guidelines set by Fannie Mae and Freddie Mac.
Ideal For
✔ Buyers with good credit seeking a Indiana mortgage.
✔ Homeowners ready to refinance for better terms in Indiana.
✔ Investors purchasing rental or second homes in the Indiana area.
Why Supreme Lending
Our Indiana mortgage team helps you compare fixed and adjustable rates and find the best conventional loan for your long-term goals.
Contact us to explore all your loan and down payment assistance options
and start your path to homeownership today.