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  • Conventional Loans

    Conventional mortgage loans are advantageous to borrowers with outstanding credit scores and little debt.

    A conventional mortgage loan is a type of mortgage in which the underlying terms and conditions meet the funding criteria of Fannie Mae and Freddie Mac. About 35-50% of mortgages, depending on market conditions and consumer trends, are conventional mortgages. In other words, Fannie Mae and Freddie Mac guarantee or purchase 35-50% of all mortgages. Conventional mortgages may be fixed-rate or adjustable-rate mortgages. Conventional mortgage loans are typically only advantage to borrowers with outstanding credit scores and low debt to income ratios.

    Conventional Mortgage Loan Features & Benefits

    Maximum Loan Amount is $417,000

    3% Minimum Down Payment

    Mortgage Insurance options include monthly, upfront mortgage insurance or lender paid

  • Category
    General
  • Created
    Tuesday, 08 August 2017
  • Group admin
    Jerry Norlander