Conventional Loans

Conventional home loans quite simply are defined as loans that are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Borrowers with a stable job, income and good credit are great candidates for conventional home loans.


Conventional Home Loans

Compared to government-backed products, conventional home loans are more flexible in their terms and have fewer restrictions. For instance, conventional home loan borrowers can avoid the cost of private mortgage insurance(PMI) when they make the standard 20% down payment. Or they can choose to pay for PMI but make a smaller down payment.

Other advantages to conventional loans include:

  • Fewer penalties and fees
  • Good interest rate for borrowers with good credit
  • Flexible terms (length)
  • Option for second home purchases
  • Flexible need for mortgage insurance
  • We offer several Conventional Home Loan options.

Family Finance Mortgage offers conventional loans as 30-year and 15-year fixed rate options, as well as adjustable-rate mortgages. We also are available to help you with high-dollar conventional home loans that are known as “jumbo” loans.

If you are looking for a conventional home loan then Family Finance Mortgage can help you. Please contact a Family Finance Mortgage home loan experts. Our team is at your disposal.

How can we help you?

Contact any of our mortgage experts or submit a loan inquiry online.

Family Finance Mortgage helped us through the scary and complicated home-buying process with ease! Their staff is professional and personable. I highly recommend Family Finance Mortgage.

Kevin Cramer