A conventional mortgage loan, also called a conforming loan, is a traditional loan that follows the guidelines set by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Conventional loans may have either fixed or adjustable interest rates, and our team of mortgage experts here at Trust In Equity Mortgage Group, LLC, can help you to understand the differences between the two and which might work best for your purchasing plan.
Conventional loans are not guaranteed or insured by the federal government, but they may require a smaller down payment than certain other loan types, making them a great choice for many buyers. To learn more about conventional loans and how they compare with other loan types or to review the latest mortgage interest rates, please contact us. We're here to help you navigate the world of mortgage lending.