What is a conventional loan?
A conventional loan is a mortgage that is not insured or guaranteed by a government agency like the FHA, VA, or USDA. Most conventional loans follow guidelines set by Fannie Mae and Freddie Mac, which buy loans from lenders.
Why buyers choose it
Conventional loans offer a lot of flexibility. They can be used for a primary home, a second home, or an investment property, and there are options for different down payment amounts and loan terms.
Things to know
Approval depends on your credit, income, assets, and the property. Depending on your down payment, mortgage insurance may be required. We can walk you through how these pieces fit your situation.
This page is general information only, not an offer or commitment to lend. Loan programs are subject to eligibility, credit approval, and underwriting. Program availability, guidelines, and terms can change.