Andrew PhalenStonehaven Mortgage
Conventional
Purchase Loan Program

Flexible financing for strong borrowers

Competitive terms and fewer restrictions for buyers with solid credit and steady income.

Available 7 days a week Call (630) 926 6368 NMLS #2354018
The Conventional Loan

A straightforward path for well-qualified buyers

A conventional loan is not backed by a government agency. It follows guidelines set by Fannie Mae and Freddie Mac, which often makes it the most flexible option for buyers with good credit and dependable income. Whether you are buying a primary residence, a second home, or an investment property, a conventional loan can be tailored to fit your goals.

Why it works

What this loan can do for you

01

Lower long-term cost for strong credit

Qualified borrowers often secure favorable terms that reduce what you pay over the life of the loan.

02

Mortgage insurance can be removed

Once you reach about 20 percent equity, private mortgage insurance can typically be dropped, lowering your payment.

03

Low down payment options

Some qualified buyers can put down as little as 3 percent of the purchase price.

04

Flexible property types

Use it for a primary home, a second home, or an investment property with fewer restrictions than government loans.

Why work with me

A second-generation loan officer in your corner

I have been immersed in the mortgage industry since I was 17, building a deep understanding of it from the ground up. My focus is simple: make the process straightforward, transparent, and stress-free for you.

Whether you are a first-time buyer or refinancing, I will guide you through every step with advice tailored to your goals. Feel free to call me anytime, including weekends.

Book a time to talk
Common questions

Conventional loans, answered

How much do I need to put down?

It varies by borrower and property, but some qualified buyers can start with as little as 3 percent. We will review what makes sense for your situation.

When can I stop paying mortgage insurance?

On most conventional loans, private mortgage insurance can be removed once you reach roughly 20 percent equity in the home.

Ready to talk through your Conventional options?

Let us review what fits your goals and get you a clear next step. No pressure, just straight answers.