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Mortgage Products

Conventional Loans

Conventional loans offer a solid foundation for homeownership. With competitive interest rates and flexible terms, these loans are a popular choice for many buyers. Discover the advantages of conventional financing and let us assist you in securing the perfect mortgage solution for your needs.

CONVENTIONAL PURCHASE LOANS

Our range of conventional loans presents diverse options, each carrying remarkable benefits for eligible borrowers. While FHA and other government-backed loans might have property limitations, our conventional loans offer versatility, applicable to almost all property types.

  • A range of down payment options
  • Advantages for higher down payments
  • Option to eliminate mortgage insurance with a 20% down payment
  • Financing for properties commonly restricted by government loans

Ready to make a move?

Let a mortgage professional guide you through your journey.

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Steps to Homeownership With Hobart Team

Get Pre-Approved

Unlock your home buying potential by getting pre-approved for a mortgage. With a clear understanding of your budget and loan eligibility, you can confidently embark on your journey to find the perfect home. Start with a pre-approval to make the home buying process smoother and more successful.

  • Expert guidance for necessary financial paperwork.
  • Personalized service from a trustworthy lender.
  • Seamless online or in-person application process.
  • Fast pre-approval with prompt review and tailored mortgage amount.

Finding an Agent - The Hobart Way

At The Hobart Team, we understand that finding your dream home is a journey close to your heart. Our mission is to make that journey a seamless and rewarding experience. With a deep understanding of the local real estate market, our team of dedicated professionals is committed to matching you with the perfect property.

Whether you’re searching for a cozy starter home, a spacious family retreat, or a luxurious estate, we’ve got you covered. We provide access to an extensive range of listings, ensuring you have a variety of options to explore. Our experienced real estate professionals will take the time to understand your unique preferences and needs, guiding you through the house-hunting process with expertise and care.

Find Your Dream Home

At The Hobart Team, we understand that finding your dream home is a journey close to your heart. Our mission is to make that journey a seamless and rewarding experience. With a deep understanding of the local real estate market, our team of dedicated professionals is committed to matching you with the perfect property.

Whether you’re searching for a cozy starter home, a spacious family retreat, or a luxurious estate, we’ve got you covered. We provide access to an extensive range of listings, ensuring you have a variety of options to explore. Our experienced real estate professionals will take the time to understand your unique preferences and needs, guiding you through the house-hunting process with expertise and care.

Make an Offer

You’ve found the home that captures your heart, and now it’s time to move forward with an offer. As your trusted mortgage lenders, The Hobart Team will be there to support you through this exciting step. While the realtor handles the negotiations, we work closely with you to ensure your financial preparation aligns with the offer process.

Our team of mortgage experts will assist you in understanding the financial aspects of the offer, providing valuable insights to help you make informed decisions. With our expertise and personalized guidance, you can approach the offer stage with confidence. Let The Hobart Team take care of the financing details, so you can focus on envisioning yourself in your future home. Trust us to be your dedicated partners throughout the process, helping you secure the mortgage that fits your needs seamlessly.

Final Stretch - Home Inspection

Once you’ve found your dream home and your offer has been accepted, you’ll schedule a home inspection with a qualified professional. They will conduct a comprehensive assessment of the property’s structure, systems, and overall condition. Armed with the inspection report, you’ll gain valuable insights into any potential issues or repairs needed, enabling you to make informed decisions about the property.

As your dedicated mortgage lenders, we fully support your home buying journey, including the home inspection process. We’re here to answer any questions you may have about financing, ensure a smooth loan application process, and provide you with peace of mind as you move closer to making your dream home a reality.

Secure Financing

Securing the right financing is not only essential but also a critical step towards achieving a successful homeownership journey. At The Hobart Team, we recognize the significance of this phase, and our team of experienced mortgage professionals is fully dedicated to guiding you through the entire financing process with expertise and care. We understand that each homebuyer has unique financial circumstances and aspirations, which is why we take the time to listen attentively to your needs, assess your financial situation, and explore various loan options that align perfectly with your goals.

With our support and guidance, you can confidently navigate the complexities of the financing process, ensuring that you are well-prepared to close on your new home. Our ultimate aim is to make the financing process smooth and stress-free, empowering you to embark on your homeownership journey with confidence and peace of mind.

Closing

Congratulations, you’re almost a homeowner! The closing marks the final step in the home buying process. Our team will ensure all necessary documents are prepared and signed, and the property ownership is officially transferred to you.

We’ll be there to answer any questions and provide support throughout the closing process, making sure everything is in order for a smooth transition to your new home. Let us handle the details, so you can focus on celebrating this significant milestone in your life.

People Are Talking

“Kieth was excellent to work with from start to finish. Responses were timely and efficient from him and his team, and all of my questions were answered thoroughly.”

– Tiffany B.

What makes Hobart the best partner for conventional loans?

Discover unparalleled expertise with The Hobart Team, your ideal partner for conventional loans. Our in-depth knowledge of conventional financing, coupled with personalized service, sets us apart. We provide transparent guidance, tailored solutions, and streamlined processes to ensure a smooth journey through the world of conventional loans.

Trust us to navigate complexities, secure competitive terms, and transform your homeownership goals into reality. With The Hobart Team, conventional loans become a strategic avenue towards achieving your dream home.

Frequently Asked Questions

What is a conventional loan, and how does it differ from other loan types?

A conventional loan is a type of mortgage that isn’t backed by a government agency. It typically requires a higher credit score and a larger down payment compared to government-backed loans. Unlike FHA or VA loans, conventional loans follow guidelines set by private lenders and investors.

What is the minimum down payment required for a conventional loan?

Conventional loans generally require a down payment of at least 3% to 5% of the home’s purchase price. However, making a larger down payment can help lower your monthly payments and potentially waive private mortgage insurance (PMI) requirements.

What are the advantages of choosing a conventional loan?

Conventional loans offer competitive interest rates and flexible terms, allowing you to choose between fixed or adjustable rates. They also provide greater flexibility for properties, as they can be used for primary residences, second homes, and investment properties.

Can I qualify for a conventional loan with less-than-perfect credit?

While conventional loans generally require a higher credit score than some government-backed loans, some lenders offer options for borrowers with slightly lower credit scores. It’s best to consult with a mortgage professional to determine your eligibility based on your credit history and financial situation.

Ready to Get Started?

Contact your trusted mortgage lender today.

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