Conventional - First Metro Bank

Conventional Mortgages

A Conventional Mortgage offers fixed rates, fixed terms, along with fixed principal and interest payments.

  • The standard mortgage product
  • Terms from 10 – 30 years
  • A minimum down payment of 5%
  • Private Mortgage Insurance (PMI) required when borrowing more than 80% of the home’s appraised value
  • No prepayment penalty

Interested in discussing a mortgage? Contact us.