Conventional Loans

Conventional loans are mortgage loans offered by non-government sponsored entities. A conventional conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. The loan may have a fixed or adjustable rate.

However, there are Conventional Loans offered outside of Fannie Mae and Freddie Mac guidelines.  These types of loans offer creative approaches to income qualifying and are especially popular with self-employed buyers.

For many years Conventional Loans required a minimum 20% down payment. In today’s market conventional loans are very popular with down payments as low as 5%, and even 3%.

Conventional Loans offer the ability to finance Second Homes and Investment Properties in addition to Primary Residences.




Norris D. Aikens