Conventional Loans

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.

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.

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.

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.

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.

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.