Conventional Loans
A Conventional mortgage refers to any loan that is not insured or secured by the federal government. Conventional mortgages typically have a slightly higher down payment than government loans, but they normally provide homebuyers with more flexibility and fewer restrictions. If you have good credit with a steady income, a Conventional loan may be the right option!
Program Highlights
- Lower interest rate options for borrowers with good credit
- Flexible mortgage insurance options
- Eligible property types include manufactured homes and condominiums
- Flexible loan terms
- Adjustable-rate, fixed-rate, and Jumbo mortgage options available