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)