Conventional Loans
Low interest rates, fixed and adjustable-rate mortgage options, and streamlined approvals. Conventional loans are well-suited for first-time homebuyers, seasoned purchasers, or homeowners exploring a refinance with competitive terms.
To learn more about Conventional loans call888-818-6393
Conventional Loan Benefits
A Conventional Loan can be an option if your mortgage amount doesn’t exceed the conventional loan limit, $510,400 for most U.S. counties.
- One of the lowest fixed interest rates available
- The flexibility of either a fixed-rate or an adjustable-rate mortgage (ARM)
What is a Conventional Loan?
A conventional loan is a mortgage that follows the guidelines set by Fannie Mae and Freddie Mac. These government-sponsored companies help provide lenders with the money they need to make home loans. Loan size, limited to $484,350 in most U.S. counties, is the most well-known requirement for conventional loans. Loans that don't meet the standards set are called Non-Conventional Loans.
Is a Conventional Loan right for you?
Conventional Loans are often well-suited for borrowers with:
- Loan amounts that fall within conventional loan limits
- Good or excellent credit
- Easy-to-document income
Want a loan with more flexibility? A government-backed FHA mortgage could be a better fit. After you apply, we'll review all of your mortgage options with you.
Ready To Get Started?
It's easy to apply, just answer some basic question about your personal finances and the home.