Coventional

Loan Program

Coventional

Terms
Coventional
  • Commit to a slightly higher monthly payment and pay off your mortgage in less time
  • Keep your fixed rate so you can budget confidently
  • Get a mortgage with only 5% down payment
  • Put down 20% or more and you won’t pay mortgage insurance
Requirements

Down Payment:5% of the final loan amount
Credit Score: 620 minimum
Mortgage Insurance: No (if under 80% loan-to-value)
Maximum Loan: Yes*
*Some “high balance” areas have loan limits above the standard level

  • Fixed rates so you know what you’re paying every month
  • Lower monthly payments than 15 year mortgages
  • Get a mortgage with only 5% down payment
  • Put down 20% or more and you won’t pay mortgage insurance

Down Payment:5% of the final loan amount
Credit Score:620 minimum
Mortgage Insurance:No, if under 80% loan-to-value
Maximum Loan Limit:Yes*
*Some “high balance” areas have loan limits above the standard level

PRMI NMLS 3094. PRMI IS AN EQUAL HOUSING LENDER. SOME PRODUCTS AND SERVICES MAY NOT BE AVAILABLE IN ALL STATES. CREDIT AND COLLATERAL ARE SUBJECT TO APPROVAL. TERMS AND CONDITIONS APPLY. PROGRAMS, RATES, TERMS AND CONDITIONS ARE SUBJECT TO CHANGE AND ARE SUBJECT TO BORROWER(S) QUALIFICATION. THIS IS NOT A COMMITMENT TO LEND. THE CONTENT IN THIS WEBSITE HAS NOT BEEN APPROVED, REVIEWED, SPONSORED OR ENDORSED BY ANY DEPARTMENT OR GOVERNMENT AGENCY. 1480 NO. 2200 WEST | SALT LAKE CITY, UT 84116