Conventional Mortgage Loans

The Conforming Conventional Loan program has a maximum loan amount of $647,200 for single family dwellings whether it is a purchase or a refinance.

For any loans 80% loan to value or higher, private mortgage insurance is required and obtained by the lender from a third party source.

There is a minimum down payment of 5% required of the home borrower on a purchase and the minimum FICO score is 620.

Conventional Conforming Mortgage Loan Details:

Maximum Loan Amount $647,200 for a single family dwelling
Private Mortgage Insurance required on a loan amount exceeding 80% Loan to Value
Investment Property loans available at 85% Loan to Value
Fixed Rate and Adjustable Rate Mortgages Available
Variety of Mortgage Terms Available (10 year; 15 year; 20 year; 30 year)
HomePath Program
Cash Out Refinances
HomeReady & HomeOne 97% LTV
Manufactured Homes

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Office:	(406) 294-2660
Toll-Free:	(866) 399-8941
Fax:	(406) 294-2665

Branch ID #130543
Corp NMLS #2996

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Tristi Bauer

Brian Hafner

Pam Strietmatter

Trina Wood

Tawna Leonard

Doug Spence

Universal Lending Home Loans, 2646 Grand Ave, Suite 2, Billings, MT 59102 406-294-2660

Universal Lending Home Loans is a mortgage banker located in Billings, Montana. We provide residential mortgage loans, reverse mortgages, and a wide variety of wholesale mortgage options.

We handle all the steps in the Montana home loan and mortgage process including: Pre-Qualification, Loan Application, Interest Rate Lock, Loan Approval Process, and Closing.