Conventional Loans


The loans that are not guaranteed or insured by those agencies or the government are known as conventional loans. These loans adhere to Fannie Mae guidelines. Fannie Mae, or Federal National Mortgage Association, is a corporation created by the federal government that buys and sells conventional mortgages. It sets the maximum loan amount and requirements for borrowers. The main difference between a conventional loan and other types of mortgages is the fact that a conventional loan is not made by a government entity, nor is it insured by a government entity. It’s what we refer to as a non- GSE loan or non-government sponsored entity.

Usually, a conventional loan is a 30 years fixed rate mortgage. That means it has a fixed interest rate for the 30 years term of the loan. Conventional loans also typically require at least a 3% down payment. Although this is the best fit for investment loans, Conventional loans have a slightly higher rate than government loans. We can also help on down payment to qualify your mortgage loan.

If you are not sure about your right mortgage option, please
contact us now. Let our mortgage specialists find the best product for you. We are also offering Non-QM and Non-Prime  mortgage loans that does not fit in the box. You can click on apply to fill out the complete application now for a fast pre-qualification letter. We are helping customers like you nationwide. Why are you still waiting?