Loan Programs / Conventional Fixed Rate
Most popularConventional mortgage loans
One locked rate, one predictable payment, for the life of the loan. The workhorse of homeownership: 15, 20, and 30 year terms.
How RC Lending Advisors uses this program
That is the conventional program RC Lending Advisors already lists: one rate, one payment, for a 15, 20, or 30 year term. It is the program the team looks at first for a lot of primary-residence and next-home purchases.
It sits inside a lineup of more than 3,000 loan programs, available in all 50 states and Puerto Rico through Cornerstone First Mortgage (NMLS #173855). The target on a purchase is 14 to 21 days from application to keys.
Questions on conventional fixed rate
Who is a conventional loan for?
Buyers who want one locked rate and a predictable payment. The terms on this page are the 15, 20, and 30 year terms already listed on the loan programs page.
Does starting a pre-approval change my credit score?
Pre-approvals start with a soft credit check, which does not affect your score. A full credit pull happens later in the loan.
How fast can a conventional loan close?
The target on purchase loans is 14 to 21 days. On the first call the team maps what is realistic for the file.