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Mortgage Banking Associates
1400 South Florida Avenue
Lakeland, FL 33803
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Your Conventional Mortgage Dream is One of Our Top Priorities! Let Us Put Our Experience to Work for You!

Breaking News: Conventional Mortgage Loans and Refinance Rates are at their lowest in 50 years! Now is the right price, the right rate, and the right time for you to call the experts at Mortgage Banking Associates about a Conventional Home Loan. Act now! Mortgage Banking Associates of Florida is trusted, dedicated, and committed – not a one-size-fits-all bank.

What are Conventional and Conforming Loans?

By definition, a conventional loan is any mortgage not guaranteed by the federal government. A conventional home loan usually follows the guidelines of Fannie Mae and Freddie Mac. Conventional mortgage loans may be conforming or non-conforming. Non-conforming loans don't meet the guidelines of Fannie Mae or Freddie Mac but they’re still considered conventional mortgages. Conventional mortgage loans can be fixed or adjustable.

Fixed-Rate Mortgages

In a fixed-rate mortgage, your interest rate stays the same the entire loan period: 15, 20, or 30 years.

Adjustable Rate Mortgage (ARM)

In an adjustable rate mortgage (ARM), initial monthly rates are low but rates may change or do change during the life of the loan.

Florida Conventional Refinance Mortgage Loans

There are two main types of conventional refinance mortgage loans:

  1. Conventional Refinance or Term-Refinance Loans
    When a borrower has a fixed-rate loan but wants to refinance from a higher rate to a lower rate, or wants to go from an ARM to a stable fixed-rate.
  2. Cash-Out Refinance Loans
    Perfect for homeowners who want to access equity they built up in their home.

To see how much money you can qualify for in Central Florida, call Mortgage Banking Associates at our corporate headquarters in Lakeland, Florida for your mortgage checkup. Mortgage Banking Associates is one of the leading mortgage lenders in Florida. We proudly serve families in Orlando, Orange County, Lake County, Osceola County, and Seminole County.

You can use conventional mortgages to buy most types of properties. Now is the time to stop paying rent! Foreclosures are plenty. There are many motivated sellers. Florida is paradise! So if you have reasonable credit and meet the down payment conditions, conventional mortgages are quick and easy to obtain.

Let's get started! Contact us today at 1-800-605-1899. No obligation. No commitment. Own your own home sooner (and thank us later!)