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Our easy-to-use financial tools can help you simplify your
decision-making process and make sound financial choices.
Mortgage
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Calculators
A conventional mortgage is a home loan that is not insured or guaranteed by the government, like an FHA or VA loan. Conventional loans are the most common kind of home mortgage loan. Conventional loans come in a variety of term lengths from 10 to 30 years and can have a fixed or an adjustable interest rate.
Our conventional loans offer:
With a fixed rate mortgage, your interest rate is locked in at closing, and will never change over the life of your loan. The benefits of a fixed-rate loan include:
A popular choice for all homebuyers, fixed-rate mortgages are especially beneficial for individuals who plan to stay in their home for the long-term.
Adjustable-Rate Mortgages, often shortened to ‘ARMs’, offer a fixed introductory interest rate, followed by a rate that changes based on the current market. ARMs provide:
ARMs can be useful financing tools to reduce interest costs and initial monthly payments, for homebuyers who plan to sell or refinance in a period of 10 years or less.
Your lender will guide you through the mortgage loan application process, providing details for all documents, items, and qualification requirements you’ll need to complete your conventional mortgage application. These include:
We’ll always go the extra mile for our client relationships, and ensure we’re acting in their best interest.
Cogent Bank’s NMLS# 402296
Our team makes the process simple and easy. Connect with a Loan Originator to learn more about our Conventional mortgage options.
A conventional mortgage loan is a home loan that is not insured or guaranteed by a government agency, such as the FHA or VA. Conventional loans are one of the most common mortgage options and are available with a variety of repayment terms, typically ranging from 10 to 30 years, as well as fixed or adjustable interest rates.
Cogent Bank offers both:
– Fixed-rate conventional mortgages
– Adjustable-rate conventional mortgages (ARMs)
These loan options allow borrowers to choose the repayment structure that best fits their financial goals, budget, and expected length of homeownership.
A fixed-rate mortgage keeps the same interest rate throughout the life of the loan, resulting in consistent monthly principal and interest payments.
An adjustable-rate mortgage (ARM) begins with a fixed introductory interest rate before adjusting periodically based on market conditions. ARMs often offer lower initial monthly payments and may be a good fit for borrowers who plan to sell or refinance within several years.
Fixed-rate mortgages offer several advantages, including:
– Predictable monthly principal and interest payments
– Protection from rising interest rates
– Long-term payment stability
– No prepayment penalties if you pay off your loan early or refinance
These features make fixed-rate loans especially appealing for buyers planning to stay in their home for many years.
An ARM may be a good choice if you:
– Expect to move within 10 years
– Plan to refinance before the introductory rate expires
– Want lower initial monthly payments
– Prefer a lower introductory interest rate than many fixed-rate loans
Your Cogent Bank mortgage lender can help determine whether an ARM fits your financial goals.
Cogent Bank generally requires a minimum credit score of 620 for a conventional mortgage loan. Other factors—including income, assets, debt obligations, and the size of your down payment—are also considered during the approval process.
While every loan application is unique, you’ll typically need:
– Government-issued photo ID
– Income history for the previous two years
– Recent tax returns
– Bank statements
– Information about your down payment
– Other financial documentation requested by your lender
Your mortgage lender will guide you through the required documentation for your specific situation.
No. Cogent Bank’s conventional mortgage loans do not include prepayment penalties, allowing you to pay off your loan early or refinance without incurring additional fees.
Yes. If interest rates or your financial goals change, refinancing may help you:
– Lower your interest rate
– Reduce your monthly payment
– Shorten or extend your loan term
– Access home equity, if eligible
Cogent Bank also provides a Mortgage Refinance Calculator to help estimate potential savings.
Cogent Bank provides several online tools to help you evaluate your home financing options, including:
– Mortgage Qualifier Calculator
– Mortgage Refinance Calculator
– Mortgage Payoff Calculator
– Additional financial calculators
These resources can help estimate affordability, monthly payments, and refinancing scenarios before you apply.
Yes. Cogent Bank’s conventional mortgage loans can be used to finance the purchase of a home or refinance an existing mortgage, depending on your financial goals and eligibility.
Cogent Bank offers:
– Competitive interest rates
– Flexible loan terms
– Fast, local lending decisions
– Experienced Florida-based mortgage lenders
– Personalized guidance throughout the mortgage process
The bank’s local lending team works closely with borrowers to help simplify home financing.
Yes. Conventional mortgages may be a good option for first-time homebuyers who meet the credit, income, and qualification requirements. Cogent Bank’s mortgage specialists can help you understand available loan options and determine the financing solution that best fits your needs.
Eligible customers can use Cogent Bank Digital Banking to access their accounts, make loan payments, monitor balances, and manage their overall banking relationship securely online or through the mobile app.
You can begin by contacting one of Cogent Bank’s Residential Mortgage Loan Originators. A lender will help you complete the application, review qualification requirements, gather necessary documentation, and guide you through every step of the mortgage process.