A conventional mortgage loan is one that is financed through a private mortgage lender such as Financial Equities.  Conventional loans usually offer the lowest interest rates and most favorable loan terms. A fixed rate loan protects the borrower from increases in interest rates so your payment remains stable for the life of the loan. The most typical conventional loan is a 30 year fixed rate mortgage.

 

A conventional home mortgage loan is not insured by or offered through the Federal Housing Administration (FHA); the U.S. Department of Agriculture (USDA); or through the Veterans’ Administration (VA).

Is a Conventional Loan Right For Me?

Whether you are a first-time homebuyer or looking to move into your next home a conventional loan is worth looking into. Here are some reasons why it might be right for you.

• Fixed, low rates

• Up to 97% financing available.

• 15 and 30 year fixed rate loan available

• Jumbo

• ARMS

• Specialty Loan programs (ie: non-traditional loans)