Is a Conventional Loan Right for You?

Low interest rates, fixed and adjustable-rate mortgage options, and streamlined approvals. Conventional loans are well-suited for first-time homebuyers, seasoned purchasers, or homeowners exploring a refinance with competitive terms.

To learn more about Conventional loans call (855) 620-0238

What is a Conventional Loan?

A conventional loan is a mortgage that follows the guidelines set by Fannie Mae and Freddie Mac. These government-sponsored companies help provide lenders with the money they need to make home loans. Loan size, limited to $647,200 in most U.S. counties, is the most well-known requirement for conventional loans. Loans that don’t meet the standards set are called Non-Conventional Loans.

Conventional Loan Benefits

A Conventional Loan can be an option if your mortgage amount doesn’t exceed the conventional loan limit, $647,200 for most U.S. counties.

  • One of the lowest fixed interest rates available
  • The flexibility of either a fixed-rate or an adjustable-rate mortgage (ARM)