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St. Louis Conventional Loans

Looking to apply for a conventional home loan in the St. Louis area? USA Mortgage is the perfect mortgage company in St. Louis to apply with. We offer the competitive rates and terms needed to get you into the home of your dreams. Not to mention, how our experienced team of Mortgage Loan Originators is driven to give you the best possible rates and terms on the conventional loan of your needs. As a fully employee-owned company, we’re committed to providing excellent customer service, and we’ll be there for you every step of the way. Don’t wait any longer. Apply for a conventional home loan in St. Louis with us today!

What is a Conventional Home Loan?

Conventional loans are the most common mortgage types you’ll find in the market. They’re known as traditional mortgages just because of how common they are during the home buying process. They’re not insured or guaranteed by the government but they are backed by Freddie Mac or Fannie Mae. 

Exterior of blue, two-story house.
Who is eligible for a Conventional Loan In St. Louis?

Conventional loans are great for borrowers with strong credit who want to put a down payment of 3 – 5%. It’s recommended to have at least a 620 credit score to qualify. If you really want the best rates though, it’s recommended to have a score above 740. Finally, it’s best to have a debt-to-income ratio of 43% or less. This will give you the best chance of qualifying and a much better interest rate on this mortgage.

Why Conventional Loans?
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What our clients have said

I just appreciated being walked through the whole process. This was my first home and I had no clue on what to do and her whole team was very informative
Vera N 8/16/2021
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Your Next Home in St. Louis Starts Here.
Apply today to learn more about our Conventional Loans.

Ready to Apply for a conventional loan in St. Louis? Our MLOs at USA Mortgage are here to make possibility become a reality. We’ll make the conventional loan process easy and have you ready to move into your St. Louis home before you know it. So why wait? Apply now and see what rates we’ll provide for you.