Conventional Loans

Conventional Conforming Loans
Freddie Mac Super Conforming
Lender Paid Mortgage Insurance
Texas Home Equity
HomeReady
HomePossible

Conventional Conforming

620 Minimum FICO – Full income documentation

Carrington has various conventional conforming and high balance products to meet your traditional qualifying customers’ needs. Perfect for home purchase, rate/term refinance, or cash-out refinance borrowers with standard income and few credit issues.

Program Features

Min FICO 620+
Max 95% LTV
Purchase, refinance, and cash-out refi’s

Terms available

15, 20, and 30-year Fixed
15 & 30yr Fixed High Balance

Documents

Conventional Conforming Matrix
Conventional Conforming High Balance Matrix
FNMA High LTV Matrix
Conventional Underwriting Guidelines
Conventional Overlays

Tools

See Today’s Rates (login required)

Freddie Mac Super Conforming

620 Minimum FICO – Full income documentation

Our Freddie Mac Super Conforming loans are designed for borrowers seeking larger loan amounts for home purchase, refinance, or cash-out refinance and who have traditionally documented income with few credit issues.

Program Features

Purchase, refinance, and cash-out refi’s
Loan amounts up to $1,581,750
620 minimum FICO
Max 95% LTV

Terms available

15, 20, and 30-year Fixed

Documents

Super Conforming Product Matrix
Conventional Overlays

Tools

See Today’s Rates (login required)

LPMI, Lender Paid Mortgage Insurance

620 Minimum FICO – Full income documentation

Industry-leading LPMI products for both refinance and purchase loans. This is the perfect alternative to PMI for borrowers who may require lower down payments and higher LTV than a standard conventional conforming loan product. Maximum loan amounts up to $1 million.

Program Features

Loan amounts up to $1M
Purchases and rate/term refi’s
620 minimum FICO
Max 95% LTV

Terms available

30-year Fixed

Documents

LPMI Product Matrix
Conventional Overlays

Tools

See Today’s Rates (login required)

Texas Home Equity

Conventional conforming refinance program for Texas borrowers. Rate/Term and cash-out refinance loan options are available. Perfect for Texas homeowners who’ve built equity and want to take advantage of better rates and terms or who want cash out to make improvements.

Program Features

Rate/term and cash-out refinancing
Max 95% LTV on rate/term refi’s
Max loan amount of $548,250
620 minimum FICO

Terms available

15, 20, and 30-year Fixed

Documents

Texas Home Equity Product Matrix
Conventional Overlays

Tools

See Today’s Rates (login required)

FNMA HomeReady

FNMA’s HomeReady is a program for borrowers that offers financing up to 97% LTV, low down payment, flexible sources of funds, and an affordable and cancellable monthly MI option. Borrowers do not need to be first-time homebuyers to qualify for the program.

Program Features

Purchase, rate/term, and cash-out refinancing
Max loan of $1,054,500 on 4-unit properties
620 minimum FICO
Max 97% LTV

Terms Available

15, 20, and 30-year Fixed

Documents

HomeReady Product Matrix
Conventional Overlays

Tools

See Today’s Rates (login required)

FHLMC HomePossible

Carrington can help you expand your pipeline with an FHLMC program designed to assist borrowers in underserved markets in purchasing a home for the first time or refinancing their current home to take advantage of better rates and or terms.

Program Features

No reserves required on 1-unit properties
Purchase and rate/term refinancing
620 minimum FICO
Max 97% LTV

Terms available

15, 20, and 30-year Fixed

Documents

HomePossible Product Matrix
Conventional Overlays

Tools

See Today’s Rates (login required)
CAREERSINVESTORSABOUT USCORRESPONDENT
An Equal Housing Opportunity Lender. Copyright 2007 - 2022 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

arrow-right linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram