Delivering a Variety of Options

A Conventional loan is not part of a specific government program and is secured by private investors. This loan will follow Fannie Mae and/or Freddie Mac’s established guidelines with regards to credit score, income requirements and minimum down payments.
The majority of Conventional loans require somewhere between 5 percent and 20 percent down payment. Down Payments of less than 20 percent will require private mortgage insurance* that can be paid upfront, monthly or financed into the loan.
The typical terms are 15 to 30 year mortgages and have both fixed and adjustable interest rate options available. The maximum loan amount for a conforming conventional loan is$726,200 (any amount above that would be considered a non-conforming loan- or a Jumbo Loan).
*Private Mortgage Insurance (PMI) allows you to get a conventional loan even without a 20 percent down payment
*Qualifying factors may apply
Please visit our Disclosures page for more details on all loan types.