Conventional Loans

Conventional loans are one of the most popular types of mortgages available today. They are not backed by the government, unlike FHA or VA loans, and typically require a higher credit score and a larger down payment. This makes them a great option for buyers who have strong credit histories and can afford to make a larger upfront payment. Conventional loans offer a variety of terms, including both fixed and adjustable rates, to suit different financial situations.

With a conventional loan, you have the freedom to choose your lender and mortgage terms. Since they are not federally insured, conventional loans tend to have stricter qualifications, but they also offer more flexibility and potentially better rates for those who meet the criteria. This loan type is ideal for those who have the financial stability and want to avoid the costs associated with government-backed loans.