Conventional loans are mortgage loans offered by lenders that are non-government sponsored. A conforming, or conventional, mortgage adheres to the guidelines set by Freddie Mac & Fannie Mae. It also may have either a fixed or adjustable rate.
While many people think that a 20% down payment is required for all conventional loans, the truth is that many lenders now offer low down payment options! Have any questions? Give us a call today.
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