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Conventional Loan

Solid Credit Score, Little Debt, Low Interest Rate, Investment Property, No Mortgage Insurance

A conventional mortgage or conventional loan is any type of home loan that is not offered or secured by a government entity. Conventional mortgages are available through private lenders, such as banks, credit unions, and mortgage companies.

However, some conventional mortgages can be guaranteed by two government-sponsored enterprises; the Federal National Mortgage Association or Fannie Mae, and the Federal Home Loan Mortgage Corporation or Freddie Mac. These mortgages are called conforming mortgages and meet the funding criteria of Fannie Mae and Freddie Mac, including a dollar limit set annually by the Federal Housing Finance Agency.

Is a Conventional Mortgage or Conforming Loan right for you?

A dollar limit of $510,400.

Are you interested in a short-term, low-interest loan?

Can you provide proof of income and a good credit score with employment verification?

The mortgage payment should not exceed 28% of your gross income

Can you manage the down payment and other up-front costs?

I can help you decide if a conventional/conforming loan is right for you.


Conventional loans are the most popular loan type followed by government-backed mortgages. These loans have diverse repayment plans; borrowers do not have to meet any special criteria to qualify and there is no up-front mortgage insurance fee.

This loan type might be right for you if you know you will not be remaining in the home for a long period of time and want a shorter-term adjustable-rate mortgage. In the initial period of the loan, you may pay ultra-low interest and can save thousands.

Get Started

With absolutely no obligation, just add your information below and I'll provide you a personalized evaluation of your home loan options.

Refinancing may help lower you monthly payment, get you a better mortgage rate, and shorten your loan term.

Your information is never shared.

A cash-out refinance may help lower your mortgage interest rate, consolidate debt, and increase your credit score.

Your information is never shared.

Find out if you’re ready to take on homeownership with a personalized evaluation of your loan options and credit.

Your information is never shared.

Connect with Michael

It's okay to have questions. Please contact me and I'll get back to you shortly.

(916) 850-0332



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