Conventional Loan Facts

Conventional Loan Facts

A conventional home loan is a mortgage that is not guaranteed by the U.S. Government and it usually follows the guidelines of Fannie Mae and Freddie Mac.

In comparison to FHA home loans, conventional home loans typically require significantly lower monthly mortgage insurance costs.

The higher your down payment and the higher your credit score, the lower your mortgage insurance. This will help keep your initial costs and monthly costs down, saving you money in the long term.

If you are in the process of buying a home, a second home, or investment property and you have a good credit score, and enough money for a down payment here is where you can apply for a conventional loan in Tampa.