Conventional Loans

Conventional Purchase

Cash-Out Refinance

A conventional loan is a type of mortgage that isn’t backed by a government agency, unlike VA or FHA loans, backed by the Department of Veterans Affairs and Federal Housing Administration, respectively. Conventional mortgages often meet the down payment and income requirements set by Fannie Mae and Freddie Mac, and conform to the loan limits set by the Federal Housing Finance Administration, or FHFA.

While Conventional Loans may be tougher to qualify for compared to government-backed loans, they have a number of unique benefits:
More Property Types
More Choices in Loan Structure
More Control over Mortgage Insurance
No Program-Specific Fees