Conventional Loans

What Are Conventional Loans and Why Should You Consider Them?

Conventional loans are a popular option for home financing, offering flexibility, competitive rates, and excellent benefits for qualified borrowers. Unlike FHA and other government-backed loans, this type of loan comes with fewer restrictions, making them suitable for nearly all property types. Whether you're purchasing a primary residence, second home, or investment property, these loans offer a versatile solution tailored to your needs.

What Are Conforming Mortgages?

A significant portion of conventional loans are classified as “conforming” mortgages. These loans meet specific guidelines set by Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that play a critical role in the housing market. Fannie Mae and Freddie Mac buy mortgages from lenders, bundle them into securities, and sell them to investors. This process ensures that lenders have the resources to offer accessible and affordable loans to borrowers like you.

Why Choose a Conventional Loan?

With their competitive rates, customizable terms, and wide applicability, these loans remain a top choice for first-time homebuyers and experienced homeowners alike. If you're exploring your mortgage options, a conventional loan could be the ideal path to affordable and flexible homeownership.