Conventional Loans

Conventional loans are mortgage loans offered by non-government sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. Conventional LoanWhile many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options.
 
First Time Buyer loans with ONLY 5% Downpayment