Conventional Loan Programs

A Conventional loan refers to a mortgage that follows the guidelines of government sponsored enterprises (GSEs) such as Fannie Mae or Freddie Mac but is not guaranteed or insured by the federal government.

Conventional mortgages can be classified as conforming or non-conforming. A conforming loan meets the parameters set forth by Fannie Mae or Freddie Mac while a non-conforming loan is one which exceeds the maximum loan limits established by these GSEs.

Conventional

Conventional loans are not insured by the FHA or VA. Usually, these are a good option for homebuyers with strong credit history and stable employment status.

 

HomeStyle® Renovation

A HomeStyle® Renovation Mortgage allows for the financing equal or up to 50% of your property's post-renovation value and is available for new and existing homes.

 

HomeReady®

HomeReady® is a Fannie Mae loan program that is designed to help buyers with low to moderate incomes attain their home ownership goals.

 

High Balance/Super Conforming

High Balance/Super Conforming mortgage programs provide lower mortgage financing costs to borrowers who are located in the country’s highest cost areas.