What is a Conventional Loan?
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.
While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options.
Advantages of a Conventional Loan
Eligibility and Requirements
How do you Qualify for an Conventional Loan?
With Mortgage Experts, we know all about Conventional loans and can see if it the right option for you. If you are located in the DC Metropolitan area, please contact us today to get started.