Conventional Mortgage are loans that are not guaranteed or insured by government agencies like the Federal Housing Authority (FHA) and the Veterans Administration (VA).  Conventional loans can fall into several categories such as Conforming loans and non-conforming loans.

Conforming loans are a type of mortgage which the underlying terms and condition meet the criteria set out by Fannie Mae and Freddie Mac.  Fannie Mae and Freddie Mac are two government-sponsored enterprises (GSEs) thta buy mortgage from lenders and sell them to investors.  All Conforming loans are considered conventional mortgages.

Loans that do not conform to GSE guidelines are referred to as “non-conforming” mortgage loans.  Non-conforming loans that are larger than the loan limits set by the GSEs are ofter referred to as “jumbo” mortgages.  All non-conforming loans including these jumbo titled loans are conventional mortgages.

Service First offers both conforming and non-conforming conventional loan programs.  We have various options to go along with these loan programs that allow you to customize the program to meet your specific needs.  Take a look at our vaious options to help you in your home purchase or refinance.


Jumbo AKA Non-Conforming: Yes, financing for large loans is still available, and it’s hard to beat the rates at Apple Capital Group.  These loans have loan amount above $417,000 (the conforming limit set by Fannie Mae).   These loans do tend to have more requirements but we do have some programs that can allow as little as 5% down with credit scores of 680 and greater.

Conventional/Conforming: Loan Amounts up to $417,000 with as little as 5%. To save our customers time and money, we sell directly to Fannie Mae. This means that the middle man is eliminated. As a direct lender, we can provide our customer with a great rate! These loans follow Fannie Mae guidelines that determine the maximum loan amount, borrower credit requirements, income requirements, down payment requirements and acceptable properties.  On Conventional we offer loans for credit scores of 640 and greater.


Repair Plus Option:  Do you have any repairs that the seller can’t or won’t complete prior to closing? Are they required by an inspector or appraiser? Service First would like to introduce the Rescue and Repair Plus Option.  Service First will allow up to $10,000 in repairs.  All repairs must be pre-defined in the real estate contract between the seller and buyer.   This program was designed form that non-safety related, quick and simple fixes that only need 15 days or less in repair time.  For example, but not limited to:  flooring, paint, A/C repair, or simple roof repairs.



Liberty Plus:  Don’t want to pay mortgage insurance?  Well, with Service First no mortgage insurance program, you don’t have to, effectively reducing your monthly mortgage payments.  This program is available along with our Conventional Conforming Loan programs.  Loan amounts up to $417,000 and credit scores above 660.


Liberty Professional:  Do you have a professional degree and starting a new job?  No problem.  This is for the professional on a regular salary with an employment contract.  This way you can start your job and close on your home before you have the traditional 30 days of year to date earnings.  Ask our loan officer if you qualify.  This program is offered along with our Conventional Conforming Loan Program.  This allows loan amounts up to $417,000 with credit scores above 660.




Liberty Investor Plus:  Need to finance that 10th property?  We have you covered.  Our investor plus program allows up to 10 financed properties.  See if you can help you build your future through investment properties.  This program follows Standard Conventional Conforming rules that allow loan amount up to $417,000 with Credit Scores of 720 and greater.

Home Equity Loans:  A home equity loan is a type of loan where you can use the equity in your home as collateral.  Home equity loans can be used to handle various types of needs such as home repairs, pay off debts, college education or various other needs.  So rather you need some extra cash or want to consolidate your debts, we have a home equity loan that can meet your needs.