Tag: Conventional Loan Tampa

  • 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, […]

  • Conventional Mortgage Loan Requirements

    Conventional Mortgage Loan Requirements

    You may qualify for a conventional home loan in Florida if you meet the following requirements: Relatively good credit score (640 or above), however lower credit scores may be considered based on other factors; You are able to make a down payment of at least 3% of the loan amount; You are able to show […]

  • Conventional Home Loan Benefits

    Conventional Home Loan Benefits

    Conventional home loans allow for more flexible payment options. With a conventional mortgage loan you get the best possible interest rates, helping to keep your monthly payments as low as possible. Conventional loans can be approved for a variety of different property types. Unlike government backed loans such as FHA and USDA mortgages, conventional mortgages […]

  • What is a Conventional Home Loan?

    What is a Conventional Home Loan?

    A conventional home loan is a mortgage that is not guaranteed by the U.S. Government. A conventional home loan usually follows the guidelines of Fannie Mae and Freddie Mac. Conventional mortgage loans may be conforming or non-conforming. Non-conforming loans don’t meet the guidelines of Fannie Mae or Freddie Mac but are still considered conventional mortgages. […]