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Conventional financing is perfect for:
Borrowers With Good or Excellent Credit
Borrowers Who Are Able to Put 3% Down
family moving into new home

What Is Conventional Financing?

Conventional financing refers to a mortgage that is purchased by Fannie Mae or Freddie Mac and is not guaranteed by the federal government, unlike other programs such as FHA and VA Financing. Conventional loans are completely made in the private sector without any government involvement. You can use conventional financing to purchase or refinance single family to four family homes.

Types of conventional financing:

You’ll have the same interest rate and monthly payment for the entire repayment term, even long-term financing options such as a 30-year loan.

Adjustable-Rate (ARMs)

You’ll start off with a lower interest rate than the fixed-rate loan, but it will be adjusted from time to time, causing monthly payments and interest to change over time.

Conventional Financing

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