Is a Conventional Loan Right for You?
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 call (855) 978-2785
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 $548,250 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.
Conventional Loan Benefits
A Conventional Loan can be an option if your mortgage amount doesn’t exceed the conventional loan limit, $548,250 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)