A Santa Clarita mortgage lender explains how conventional loans can help local residents refinance their home mortgages.

American Family Funding, a mortgage company in Santa Clarita, explained how conventional loans differ from federal loans, and why they may offer benefits for Santa Clarita residents.

“A conventional loan,” said American Family Funding officials, “generally (refers) to a mortgage loan that follows the guidelines of government sponsored enterprises (GSE’s) like Fannie Mae or Freddie Mac.”

These loans come in two varieties — “conforming” conventional loans and “non-conforming” conventional loans, officials said.

“Conforming loans follow the terms and conditions set by Fannie Mae and Freddie Mac,” officials with the Santa Clarita mortgage company explained.

While non-conforming loans do not meet these terms and conditions, “They are also considered conventional,” officials noted.

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Conventional loans are often used when purchasing a home or refinancing an existing mortgage. According to American Family Funding officials, these loans may appeal especially to Santa Clarita residents who are “unsure about (their) credit rating, or have concerns about a down payment.”

For these customers, the Santa Clarita mortgage lender said, “Conventional mortgages can give you peace of mind with super low closing costs and flexible payment options.”

Offering “a full range of mortgage resources” and acting as a “full-service provider,” American Family Funding aims to help their clients “(find) the right loan with the best rates, terms and costs” to meet their personal financial goals.

“We are here to help you throughout each step of the loan process,” officials said.

The Santa Clarita mortgage company also offers online services tailored for residents as the “Safer at Home” orders continue.

“You not only have access to the best loans available in the marketplace,” said American Family Funding officials, “you can also review loan alternatives and even apply for your loan at your convenience online – 24 hours a day, seven days a week.”

Santa Clarita residents interested in more information about conventional loans, or who would like to explore their options for other types of loans, may learn more by contacting American Family Funding via their website or by phone.

Ed. Note: This article is a KHTS Community Spotlight for American Family Funding.

American Family Funding a Division of American Pacific Mortgage Corporation NMLS #1850

David Cantrell NMLS #1427091 — Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act.

About American Family Funding, Your Resource for Santa Clarita Mortgages

Santa Clarita mortgage lender American Family Funding can help you fulfill your dream of home ownership. A highly rated mortgage lender in Santa Clarita, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly Santa Clarita mortgages advisor will make the first-time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. Unlike some mortgage companies in Santa Clarita or mortgage brokers in Santa Clarita, the home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program. If you’re looking for the best mortgage lender in Santa Clarita or a “mortgage lender near me,” contact American Family Funding today. 

American Family Funding
28338 Constellation Road
Suite 900
Valencia, CA 91355
(661) 284-1150
info@affloans.com

American Family Funding – Valencia

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