Wisconsin Conventional Loans
A conventional loan is one of the most flexible and popular ways to finance a home in Wisconsin. Unlike FHA, VA, or USDA mortgages, this home loan is not backed or insured by the federal government. Conventional mortgages follow the standard guidelines set by Fannie Mae and Freddie Mac.
Who This Loan Is For:
First-time homebuyers, growing families looking to upsize, empty-nesters looking to downsize, future Wisconsonites (relocation buyers), second homes (that cabin up north), and investment properties (rental income).
The Stampfli Mortgage Difference:
Our reputation is well known in Dane County and throughout Wisconsin. A pre-approval from Stampfli Mortgage conveys confidence to home sellers. We’re known for getting to the closing table on time.
THE PROS
PMI That Goes Away: Mortgage insurance drops off automatically once you reach 22% home equity. (You can request its removal once you reach 20% equity.)
Lower Total Cost: You can unlock lower interest rates and lower mortgage insurance rates based on credit score, term, loan-to-value, and other variables.
Multiple Property Types: Conventional loans work for primary homes, second homes, and investment properties, giving you options some programs might not.
Fewer Restrictions: Government loans come with more restrictions regarding location, military status, or income limits. Conventional mortgages are more flexible.