Conventional Loan

What is a Conventional Loan?

Keys opening a door to a home purchased with a conventional loan.Conventional loans are mortgage loans offered by non-government sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate.

How much of a downpayment do I need for a Conventional Loan?

While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options - even down to just 3% for eligible borrowers!

Interested in more information or want to find out if you qualify? Give us a call today! (732) 969-9300 (NJ/FL) or (704) 230-0050 (NC/SC). You may also contact us here.


NMLS# 70133

Licensed in: NJ, NC, SC, and FL

Equal Housing Lender

Contact Us

New Jersey/ Florida

1295 Roosevelt Avenue 
Carteret, NJ 07008

Mon-Fri 8 AM- 5 PM

(732) 969-9300

Contact Us

North Carolina/ South Carolina

347 N Main Street, Suite 202
Mooresville, NC 28115

Mon-Sat 9 AM- 10 PM

(704) 230-0050


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