A conventional loan is a mortgage that is not insured or guaranteed by the federal government. Most follow the conforming guidelines set by Fannie Mae and Freddie Mac, and for buyers with steady income and good credit they are often the most flexible loan on the table.
Conventional financing covers all three occupancy types, which government loans do not.
Mortgage insurance that can come off
Private mortgage insurance applies below a set equity level, and it comes off once you build enough equity.
Fixed or adjustable
Fixed terms for stability, adjustable options when you expect to move or refinance.
Clear conforming limits
Loans up to the county's conforming limit follow one set of rules. Above it, a jumbo loan takes over.
Step by step
How it runs, start to close
1
We look at the full picture
Income, assets, debts and the kind of home you want. That decides whether conventional is the right fit.
2
Pre-approval
Documents reviewed, credit pulled, and a letter your realtor can use.
3
Appraisal and underwriting
The lender confirms the home's value and verifies your file.
4
Closing
You review the closing disclosure with us before you sign anything.
Is it the right fit?
The fifteen-minute call that settles it
A mortgage that is not insured or guaranteed by the government, following the guidelines Fannie Mae and Freddie Mac set for conforming loans.
Whether it is the right program depends on your credit, your savings and the
property. We run it against the alternatives with your real numbers, and if another
program suits you better, we say so.
