Conventional loans boast great rates, lower costs, and home buying flexibility. They are the loan option of choice for about 60% of all mortgage applicants. Conventional loans are also known as conforming loans since they conform to a set of standards set by Fannie Mae and Freddie Mac. The following are highlights of this program.

•  First -Time Buyer Programs are available.

•  You can use a conventional loan to buy a primary residence, second home, or rental property

•  Conventional loans are available in fixed rates, adjustable rates (ARMs), and offer many loan terms usually from 10 to 30 years

•  Down payments as low as 3%

•  No monthly mortgage insurance with a down payment of at least 20%

•  Lender paid mortgage insurance programs are available. (Ask Us)