Conventional
Mortgages
Conventional
A Conventional mortgage refers to any loan that is not insured or guaranteed by the federal government. Conventional mortgages typically have a slightly higher down payment than government loans, however, some conventional programs allow a 3% down payment, whereas FHA required 3.5%. Normally these will provide home buyers with more flexibility and fewer restrictions . If you have good credit with a steady income, a Conventional loan may be the right option!
Conventional
5 Videos
Program Highlights
- Lower interest rate options for borrowers with good credit.
- Flexible mortgage insurance options.
- Eligible property types include manufactured homes and condominiums.
- Flexible loan terms.
- Adjustable-rate, fixed-rate and jumbo mortgage options available.
