A conventional loan is a mortgage loan offered by non-government sponsored lenders.

They adhered to Fannie Mae and Freddie Mac’s guidelines for Underwriting. It may have either a fixed or adjustable rate with terms from 10-30 years. While many think that a 20% down payment is required for all conventional loans, our Lender offers various down payment options as low as 3 %. This loan program is an excellent choice for Primary, Secondary, and Investment Properties from 1-4 units.