Conventional Loan Overview

Conventional Loan Overview

A Conventional loan refers to any loan that is not insured or guaranteed by the federal government, as opposed to government-insured home loans including FHA loans, VA loans, and USDA loans.

Conventional Loan

What is a Conventional Loan?

A conventional loan is a type of mortgage that isn’t backed by a government agency like FHA or VA. Instead, it’s funded by private lenders and follows guidelines set by organizations like Fannie Mae and Freddie Mac. Borrowers typically need good credit, and they have options for various down payments and loan terms. Conventional loans offer flexibility for purchasing primary residences, second homes, and investment properties.


Features and Benefits of Conventional Loans:

Loan term flexibility (10 to 30 years).

Various down payment options, including as low as 1%

Suitable for different property types, from primary residences to investment properties.

Eligibility Criteria

Why Choose a Conventional Loan?

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