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CJ Davies
(609) 713-8952
Broker / Sales Person
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Conventional Financing

The Deal:  Conventional financing is the most common type of financing.  It is straight from your bank with no government backing or regualtions.  Conventional loans can range from 5%-20% + down requirements.


The Good:  Conventional loans tend to have very good terms and interest rates because of the required amount down and the lack of regualtions from the government.  The more qualified you are as a buyer (Higher down payment, High credit ccore, low debt - income ratio) the better your interest rate.  


The Bad: Since the interest rates are directly correlated to your down payment and qualifications, you must have larger amounts of cash and have good credit.  If you are struggling with your credit or don't want to tie up all of your cash in a transaction, conventional loans might not be for you.




Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 12/07/2022. The listing information on this page last changed on 12/07/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Ocean County MLS (last updated Thu 09/12/2019 11:22:12 AM EST) or Bright MLS (last updated Wed 12/07/2022 9:34:05 AM EST). Real estate listings held by brokerage firms other than Davies & DeGennaro may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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