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Conventional Home Loans

Trusted Mortgage Lenders in Ada, OK

The most popular mortgage loan on the market is a conventional home loan, which offers the flexibility you need to purchase a new property without breaking your budget.

Citizens Bank of Ada was founded right here in Ada, Oklahoma. Our team of experienced mortgage lenders loves helping our neighbors purchase their dream homes. Contact us today to discover the best conventional home loan options to fit your home buying needs.

What Is a Conventional Mortgage Loan?

A conventional mortgage loan is a home buyer’s loan that is not offered or secured by a government entity.

Conventional loans are perfect for those looking for:

  • Low-interest rates
  • Fast processing
  • Flexibility to buy a second home, investment property, etc.
  • Various down payment options

How Does It Work?

A conventional mortgage loan can be processed entirely by a local mortgage lender such as Citizens Bank of Ada.

If you don’t have a large down payment, some conventional loans are still available. 

Am I Qualified for a Conventional Mortgage Loan?

The first step to qualifying for a conventional mortgage is to speak with a loan specialist. Our mortgage lenders near you will go over your options and help you through the application process.

Generally, to qualify for a conventional mortgage loan you must have:

  • A credit score of 620 or higher
  • A strong debt-to-income ratio, typically 45% or less

How Long is the Process?

Applying for conventional home loans in Ada typically offers the fastest loan processing time in most cases. While most pre-approvals are complete in one to three business days, same-day pre-approvals are not uncommon. Closing terms can range from 30 days to 90 days depending on your time needs.

Why Citizens Bank?

Citizens Bank of Ada offers personalized services you won’t find at big corporate banks and mortgage lenders who are near you. We have been part of the local community for over 50 years. We are a faith-based, service-minded, and relationship-focused institution, which means we’ll take care of you every step of the way to help you purchase the home of your dreams.

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