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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.While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options, as little as 3%. Some programs even include up to $525 credit on appraisal fees. 

3% Down 

KEY FEATURES

• Appraisal Credit of $525
• Reduced or no monthly Mortgage Insurance
• Close in 30 days or less