A conventional home loan is a mortgage loan offered by non-government sponsored lenders. A conventional home loan, or conforming loan, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate.
While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options.
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(248) 972-8001
2855 Coolidge Hwy Ste 118
Troy, MI 48084
Company NMLS: 1752150
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