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Conventional Loans

If you’re getting ready to take out a loan for your home, you probably have some questions. Especially for the red hot real estate market in St. Louis right now, it’s worth exploring your loan options, and which ones are most suited for your situation. If you’re looking for fewer steps to closing, more flexible qualifications, and a solution that is less costly than mortgage insurance, you want to look no further than to a Conventional Loan.

Conventional Loans come with both fixed and adjustable rates of up to $435,100 loan amounts in most St. Louis markets today, with even higher amounts available in the higher cost areas. Very competitive in nature, Conventional Loans average St. Louis terms range from five to thirty
years.

Unlike other loans, Conventional Loans can be used for a variety of requirements, including:

  • Purchases
  • Rate and term refinances
  • Cash out refinances

With a Conventional Loan, you can cash out up to 80% of your home’s value, counting on a debt to income ratio up to 50%. These loans offer options with NO PMI, even without the large down payment at the beginning. If you’re looking at primary, secondary, or investment properties, a Conventional Loan is compatible with all three options. These loans can also be used for condo, single family homes, and up to 1-4 unit properties. Providing you with a month without mortgage payments, Conventional Loans include options both with and without escrows or impounds.

What credit score do I need for a Conventional Loan?

Typically, in the St. Louis market, you will need a credit score down to 620 to be approved. When you go through the approval process, you can count on a same day pre-approval through our company.

The Home Loan Expert Conventional Loan Guarantee

Here at the Home Loan Expert, we move extremely fast on these types of loans, something that can get lost in translation when working for larger, national corporations. By using us, you can count on processing, underwriting, closing, and funding on the loan, all in-house. That’s our home loan guarantee. We promise the lowest rate and terms that will fit your budget. We’ll close your Conventional Loan in less than 14-days with some of the best customer service support available today. Your success matters to us. We make the process easy as can be, from
start to finish.

For more information, contact us today:

Ryan Kelley The Home Loan Expert
St. Louis Mortgage Company
1600 South Brentwood Blvd., Suite 700
(314) 781-9700

See how much we can save you on your new Conventional Loan.

Why Choose The Home Loan Expert

Family In Front Of House

Customer Service

Our customer first approach to mortgages is what separates us from all of the other banks and mortgage companies. Our team will walk you through the process to ensure that your loan closes in a very timely manner. Our competition may think our philosophy on face-to-face customer service is excessive but our clients sure do appreciate it.

We Are The Experts

Our team has set the standard in the mortgage industry. We hire only the best in the business. Our knowledge and experience is unmatched. We continue to train and study new mortgage loan programs to make us the best choice for mortgage refinancing and home purchases, debt consolidation, Conventional, FHA, HARP, VA, and Jumbo Loans available.

Better Home Loans with Lower Mortgage Rates

We provide you with several different mortgage loan options to ensure that you find the mortgage loan program that best fits your needs. Because of the volume of mortgage loans our team closes and the great relationships we have forged within our industry, we’re able to offer the most competitive mortgage interest rates to our clients.

We Are Mortgage Lenders, Not Mortgage Brokers

As a direct mortgage lender, our process has been streamlined from start to finish. Having the entire mortgage loan process contained under one roof allows us to quickly and efficiently close your loan. Our ability to use the newest mortgage loan products and underwrite our own files, allows us to approve loans that our competitors can’t.

Select A Specialty Loan

CONVENTIONAL

CONVENTIONAL

Best Loan Conditions for ideal
Situations

DEBT CONSOLIDATION

DEBT CONSOLIDATION

Pay Off High Interest
Debt

FHA

FHA

Flexible Loan Qualification Guidelines
With Attractive Rates

JUMBO

JUMBO

High Value Special
Loans

VA THE HERO LOAN

VA THE HERO LOAN

Zero Down Payment Specialty Loan For
Veterans and active Military

HARP

HARP

Refinance Without An
Appraisal

"Being a Business Owner is About
More Than Just Bottom Lines."

“Running The Home Loan Expert is two jobs in one.  On one side, I lead our team who help customers fulfill their home ownership dreams. On the other hand, I organize and put forth a lot of time in to giving back to the communities that we serve. Whether it is donations, sponsorship, climbing Mt. Rainier, marching in the desert, stepping in the boxing ring, or donating my time, I do whatever I can to help those in need. The Home Loan Expert understands that, without our local community, we can’t be successful, that’s why we believe giving back to those who have helped us build our business is so important.”

-Ryan Kelley, Founder of The Home Loan Expert

real testimonials. real clients. real results.
why would you go anywhere else?

1600 South Brentwood Blvd, Suite 700 Brentwood, MO 63144
314-781-9700

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