/Conventional Loans
Conventional Loans 2018-04-30T19:03:13+00:00

Conventional Loans

Ready to Get Started?

Apply Now!

More than

350

5 Star Customer Reviews

The Wendy Thompson team was great! We were first time home buyers, and they made the process more simple for us. They were prompt with responses, patient with first time buyers (and all the many questions I had), and honest which is something I was nervous about being inexperienced. I truly would recommend everyone to go through these people when buying a home!! I would not have asked for a better experience!
sbaltens
My dream was to have my newborn daughter in our newhome. She was due in three weeks and the initial closing date was in about 4 weeks. I thought it would be impracticable to close in time for my baby but Wendy and her team made it happen. Such is the level of care and commitment of the Wendy Thompson Lending Team. They go out of their way to make their customers surprisingly happy. Thanks Wendy!!!
Derick Agbeve
Wendy Thompson and her team made an extremely stressful home buying process much less stressful. Although we had a couple of hiccups Wendy and her team were there to help us through each situation. Wendy worked incredibly hard to find solutions through some of the situations and I even got a new SUV out of the process! Who Does That during a home purchase?? The Wendy Thompson Team Does!! Thanks again Wendy and team!!!!
Al Taylor
Wendy Thompson and her team made an extremely stressful home buying process much less stressful. Although we had a couple of hiccups Wendy and her team were there to help us through each situation. Wendy worked incredibly hard to find solutions through some of the situations and I even got a brand new vehicle based on her recommendation. Who does that??? The Wendy Thompson Team does!!! Thanks again Wendy and your team for helping us buy our dream home!!!
aledward8
Great service. Excellent team. My loan was seamless and closed within 30 days. I have already recommended Wendy and her team. I couldn't be more pleased.
jeannefaries
previous arrow
next arrow
Slider

The Ins and Outs of Conventional Loans

Ready to Start?

Apply Now!

Here are a few insider secrets we’ve learned about conventional loans:

  • It’s perfectly acceptable to talk to a lender before you pick a house or a Realtor

  • The first 5 days you’re under contract are the most important. So don’t delay!
  • An online application is a great start, but nothing beats a 15 minute phone call to understand your options.
  • A low rate doesn’t mean anything unless your loan actually closes and have the best loan for you!
  • You CAN get everything the online lenders promise from a local lender
  • A lot of lenders make promises but not everyone delivers. Check for things like online reviews as proof.

Conventional Loan Basics

  • Low down payments are available, but require private mortgage insurance (PMI)

  • 20% down payment is typically required to avoid PMI

  • Requires good or excellent credit

  • Rates are generally slightly higher than FHA, VA or USDA Loans

Areas We Serve

  • Arlington

  • Bartlett

  • Collierville

  • Eads

  • Germantown

  • Lakeland

  • Memphis

  • Millington

  • Tipton County:

  • Atoka

  • Brighton

  • Fayette County:

  • Oakland

  • Somerville

  • Decatur County:

  • Decaturville

  • Parsons

  • Haywood County:
  • Brownsville

  • Haywood County:
  • Brownsville

  • Lexington County:
  • Chesterfield

  • Lexington

  • Madison County:
  • Jackson

  • Gibson County:
  • Dyer

  • Humboldt

  • Medina

  • Milan

  • Trenton

  • Yorkville

  • Mississippi:
  • Olive Branch

  • Southaven