What is a Conventional Loan?
Whether you know it as Fannie or Freddie, conventional loans are the typical choice for borrowers with good credit and the ability to place a down payment on their desired property. Conventional loans give the highest flexibility in the type of property that you are buying – primary home, second home, or investment, and property construction types. Conventional loans have different loan limits depending on where you are buying.
Conventional Loans Include…
- Flexible occupancy & property types
- Flexible mortgage insurance options
- Variations in loan terms
If you have good credit, stable income, and access to a down payment, a conventional loan might be the right option to meet your lending goals.
If you are interested in a conventional loan, please contact us today! We’ll be able to assess your financial situation and recommend the program best suited to help you meet your goals.