Conventional Mortgage Loans



Arizona Wholesale Mortgage Inc. offers all types of Conventional loans. Whether you are purchasing a new home or refinancing an existing Conventional mortgage loan, we can help.

We work with a network of private lenders throughout the United States, as well as the larger banks. We scour rate sheets every morning to find our clients the lowest possible rate.

Down Payment Percentages
We offer Conventional loans with as little as 3% down. However, if you have the money, then you should put more money so that your monthly mortgage insurance premium amount is lower. One will see a much lower monthly mortgage insurance premium if you put 5% down versus 3% and an even larger savings if you put 15% down. Monthly mortgage insurance is required on all Conventional loans where the down payment percentage is less than 20%.

Loan Qualifications

Obviously, the more money one puts down on a Conventional loan the less money you need for reserve requirements.  Reserve requirements vary depending upon whether your loan is going to be serviced by Fannie Mae or Freddie Mac.  Each loan product has different reserve requirements.  Since Conventional loan guidelines change frequently, it is best to call in for the latest updates.

Mortgage Pre-Qualification Letter
Do you need a mortgage pre-qualification letter? If you need to put an offer on a home, a qualification letter is absolutely necessary in today’s market. If you need a pre-qualification letter, please call us and let us help you secure that special new home.