Our conventional loan experts will guide you through the process and answer any questions you have. Our goal is to get the best loan for you and your life.
Contact us today to learn more and see if you meet conventional loan eligibility requirements.
If you’re considering a conventional loan for your home loan, take into account that you must have the following to be considered:
-5% down payment
Conventional loans are frequently preferred by home buyers and investment properties. A conventional loan is not insured by the federal government (like USDA, FHA and VA loans) and often proves to be the most advantageous loan option for those who qualify.
A conventional loan is privately backed and typically follows Fannie Mae and Freddie Mac guidelines, unlike the government-issued FHA, VA and USDA loans. Banks and other financial institutions issue a conventional loan and assume the inherent risk. Due to this fact, guidelines and eligibility requirements tend to be more stringent than some of the federal loan programs.