B2 Funding
  • Home
  • Products
    • Homebuying Loans >
      • Fixed-Rate Loans
      • Adjustable-Rate Loans
      • Convential Loans
      • FHA Loans
      • VA Loans
      • USDA Loans
      • Jumbo Loans
    • Refinance Loans >
      • Fixed-Rate Refinance
      • Adjustable-Rate Refinance
      • Convential Loans
      • Cash Out Refinance
      • FHA Refinance Loans
      • FHA Streamlining Loans
      • VA Refinance Loans
      • VA IRRRL Loans
      • USDA Loans
      • HARP Loans
  • Resources
    • FAQ
    • Prepare
    • Helpful Links
    • Definitions
    • Mortgage News
    • Credit Scoring
    • Mortgage Calculator
  • Contact Us
    • Directory
  • Testimonials
  • Apply Now

B2 Funding - Conventional Loans


Typically there are three ways to finance a home: FHA loans, VA loans and conventional loans. Each subset of loans comes with several options, but none more so than conventional loans. Knowing the ins and outs of the available options with a conventional loan can help home buyers make the best purchasing decision for their budget.

A conventional home loan is a loan to purchase a home that is not guaranteed or insured by the federal government. These type of loans follow certain guidelines of government sponsored entities such as Fannie Mae. A conventional loan can be fixed or adjustable.
Conventional Loan Benefits
The big advantage of conventional loans is that they often do not come with the amount of stipulations that FHA loans do. For example, with FHA loans, if you refinance or sell your house, you will lose all of the money that you saved by going into it in the first place. Through prepayment penalties and other costs, it may actually cost you more. The rules and regulations are far less strict with conventional loans in many cases.

Conventional Loan Drawbacks
There are many things that would qualify as a drawback of a conventional loan. For one thing, it is much more difficult to qualify for a conventional loan. The bank is basing everything on your personal credit and guarantee. With an FHA loan, the government is standing behind the loan, so you are more likely to be approved. With conventional loans, you will be forced to qualify on your own merit.
Picture
Picture

Proudly Serving Texas and Illinois




​Texas Location:

7100 Regency Square Blvd 
Suite # 230-04,
Houston, Texas 77036

Office: 713-300-1008
Fax: 713-893-6080

NMLS # 335991



​Illinois Location:

1727 Ellendale Drive
Northbrook, IL 60062
Office: 847-400-0600
Fax: 847-574-8301

NMLS # 324286

Picture
Equal Housing Lender. Figures deemed reliable, but errors may occur. Rates and terms subject to change without notice. This is not an offer to make a loan or to make a loan on any particular terms. All loan applicants must qualify under the underwriting requirements and satisfy all contingencies of loan approval. NMLS # 324286 Regulated by the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705 - www.sml.texas.gov - In Illinois Regulated by the Department of Financial and Professional Regulation - Division of Banking License # MB.6760918 http://www.idfpr.com/Bankingdefault.asp
In accordance with Section 326 of the USA PATRIOT Act of 2001, B2 Funding is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to you for adequate notice given under this act. All trademarks, logos, trade names mentioned, used, or displayed on this site are owned by B2 Funding or otherwise are authorized for our use. You may not display or reproduce them without the prior written consent of B2 Funding. You may not remove, obscure, or otherwise modify any copyright, trademark, confidentiality or other proprietary rights notices displayed on, embedded in, or otherwise appearing in any Content offered by, viewed on, or received through this site.

Apply Now

Licensing and State Disclosure Information

Privacy Policy



© Copyright 2011 - 2019 - B2 Funding Corporation
Powered By Clicking Awesome
​
  • Home
  • Products
    • Homebuying Loans >
      • Fixed-Rate Loans
      • Adjustable-Rate Loans
      • Convential Loans
      • FHA Loans
      • VA Loans
      • USDA Loans
      • Jumbo Loans
    • Refinance Loans >
      • Fixed-Rate Refinance
      • Adjustable-Rate Refinance
      • Convential Loans
      • Cash Out Refinance
      • FHA Refinance Loans
      • FHA Streamlining Loans
      • VA Refinance Loans
      • VA IRRRL Loans
      • USDA Loans
      • HARP Loans
  • Resources
    • FAQ
    • Prepare
    • Helpful Links
    • Definitions
    • Mortgage News
    • Credit Scoring
    • Mortgage Calculator
  • Contact Us
    • Directory
  • Testimonials
  • Apply Now