A Conventional Mortgage refers to any mortgage loan that is not insured or guaranteed by the Federal Government. They can be conforming and non-conforming loans. Conforming loans have terms and conditions that follow guidelines set by Fannie Mae and Freddie Mac.

  • 620 Minimum FICO score required
  • As little as 3% down payment required
  • Available for purchase and refinance of primary and secondary residences, and investment properties
  • May be combined with additional down payment assistance programs
  • LTVs of 80% or higher required mortgage insurance
  • Up to 3% seller credit to buyer closing costs is permitted
  • Available for both Fixed and Adjustable Rate Mortgages and amount varies by county (call for details)