Conventional Purchase Loan Program

Does Your Income Make You Nervous About Buying a Home?

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CBM Mortgage offers conventional loans with as little as a 3% down payment. A conventional loan is not guaranteed or insured by the federal government and conforms to the loan limits set forth by Freddie Mac and Fannie Mae. Conventional mortgages are great for homebuyers with good or excellent credit and follow rather conservative guidelines.

Some Benefits of Choosing a Conventional Mortgage:

  • Shorter and less complicated approval process
  • Reduce or avoid mortgage insurance premiums
  • Competitive interest rates

HomeReady® is Fannie Mae’s affordable, low down payment mortgage product designed for credit-worthy low- to moderate-income borrowers, with expanded eligibility for financing homes in low-income communities. Why choose HomeReady® mortgage?

  • Competitive pricing
  • Flexible options
  • Conventional ease
  • HomeReady benefits
    • Low down payment; as little as 3% down for home purchases
    • Flexible sources of funds with no minimum contribution from borrower’s own funds
    • Non-occupant borrowers permitted
    • Cancellable mortgage insurance (restrictions apply)


A responsible, low down payment mortgage option for first-time homebuyers and low and moderate income borrowers.

  • Who is it for?
    • First-time and repeat buyers
    • No cash-out refinance borrowers
    • Low- to moderate-income borrowers
    • Families in underserved areas
  • Home Possible Benefits:
    • Offers qualified low- and moderate-income borrowers a conforming conventional mortgage with a maximum loan-to-value ratio of 97 percent.
      • Flexible sources of down payment funds.
      • Reduced mortgage insurance coverage requirements
      • Minimum down payment of 3 percent allowed for Home Possible Advantage.
      • Home Possible Advantage mortgages can be used to buy a single unit property or for a “no cash out” refinance of an existing mortgage.
      • Stable monthly payments with fixed-rate mortgages.

Summary: Contact a mortgage specialist with CBM Mortgage today to learn more about these exciting loan options and to find out which is best for you and your family!

We can work with you to get you started online, over the phone, or face-to-face.

We welcome you to apply for a mortgage with us for your next home purchase or refinance!

Additional terms and conditions apply. All approvals subject to underwriting guidelines. Not all applicants will qualify. This is an advertisement and not a commitment to lend.