Conventional Mortgage Loans
Conventional Loan Advantages…
Also known as a “conforming loan,” a conventional loan adheres to standards set by Fannie Mae and Freddie Mac.
This typically results in lower rates and more flexible terms than other mortgages, which is why conventional loans are the most popular option for most homebuyers.
- Low, fixed rates
- Flexible Terms
- As low as 3% down
- No private mortgage insurance (PMI) with 20% down
- Can be a primary residence, second home, or rental property