Getting A Loan

Conventional

Conventional Loans

A conventional loan is a mortgage that is not guaranteed or insured by any government agency. These loans are typically backed by Fannie Mae or Freddie Mac.

Loan Benefits: 

  • Can be a fixed rate or adjustable rate

  • Can be a 30 year term down to a 10 year term

  • Can be funded (start to finish) in as little as 10 business days

  • Can have less strict appraisal requirements than other options

  • Mortgage Insurance (PMI) can be removed once you have at least 22% equity

    • We do have options with less than 20% down with NO monthly PMI​

  • Can be used to purchase a primary, 2nd home/vacation property or investment home

Borrowing Power

Borrow up to 50% of your debt to income. This means how much you make vs. how much you owe each month. 

Speed to Close

Close in as little as 10 business days! Average closing expectation is 30 days or less. 

*Call for exceptions 

Minimum Credit Score

The minimum credit score a typical borrower will need to have is 620.

*Call for exceptions 

Minimum Down Payment

Purchase with as little as 3% down. In many cases the funds can be gifted. 

*Call for exceptions 

Have More Questions?

Shane Kidwell | Area/Regional Manager | NMLS 200950​ | 2707 Colby Avenue Suite 1212, Everett WA 98201

NMLS      |      FAIR LENDER      |      FAIR HOUSING

Equal Housing Opportunity | DAS Acquisition Company, LLC.  Company NMLS: 227262.  AZ - 1001043Not a commitment to lend. Additional terms and conditions apply.

Missouri 63141. Licensed under the Oregon Consumer Finance Act. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Finance Lenders Law License. CA-DBO200950 Toll Free: (888) 250-6522. Not a commitment to lend.  Additional terms and conditions apply.  DAS Acquisition Company, LLC is not affiliated with or endorsed by any government entity or agency, including USDA, HUD or VA. Headquarters: 12140 Woodcrest Executive Drive, Suite 150, St. Louis, Missouri 63141, Toll Free: (888) 250-6522. For licensing information, go to: www.nmlsconsumeraccess.org

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