A Conventional (or conforming) loan meets the guidelines set by Fannie Mae and Freddie Mac – the agencies that help standardize the mortgage industry.

Although best suited for those with a good credit score, many borrowers can qualify for conventional financing.

If you have good credit and money for a down payment, you can take advantage of some great options with a Conventional loan.

A typical conventional loan requires 20% down but there are conventional programs that allow 10%, 5% and even 3% down payments.

Be sure to review all our conventional loan programs and check with a loan consultant to see what you can qualify for given your specific scenario.

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• Down payment as low as 3%
• Available in Fixed Rate or Adjustable Rate (ARMs) options
• Many loan term options available
• No monthly mortgage insurance required with a down payment of at least 20%
• Lower mortgage insurance costs than an FHA mortgage
• Mortgage insurance can be cancelled when home equity reaches 20%
• Can use for primary residence, second homes or investment properties

Still have some questions?
Contact us. We are happy to help!