A variety of loan options with great advantages
Down payment options
Conventional loans offer a wide range of down payment options to fit your situation perfectly
Down payment perks
Advantages for higher down payments including the option to eliminate mortgage insurance with a 20% down payment.
Less constrained lending
Financing for properties commonly restricted by government loans
A variety of loan options with great advantages
A conventional loan is a type of mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), Department of Agriculture (USDA) and the Department of Veterans Affairs (VA) and is typically fixed in its terms and rate. However, conventional loans are commonly interchangeable with ‘conforming loans’, since they are required to conform to Fannie Mae and Freddie Mac’s underwriting requirements and loan limits.
