Loan Type
Conventional Mortgage Loans

Conventional Mortgage Loan Features & Benefits

  • Maximum Loan Amount is $484,350
  • 3%-5% Minimum Down Payment
  • Monthly Mortgage Insurance is required on LTVs over 80%
  • Mortgage Insurance options include monthly, upfront mortgage insurance or lender paid
Call Today
Conventional mortgage loans are advantageous to borrowers with outstanding credit scores and little debt.

A conventional mortgage loan is a type of mortgage in which the underlying terms and conditions meet the funding criteria of Fannie Mae and Freddie Mac. About 35-50% of mortgages, depending on market conditions and consumer trends, are conventional mortgages. In other words, Fannie Mae and Freddie Mac guarantee or purchase 35-50% of all mortgages. Conventional mortgages may be fixed-rate or adjustable-rate mortgages. Conventional mortgage loans are typically only an advantage to borrowers with outstanding credit scores and low debt to income ratios.

Book a brief intro call today

Get it on the schedule