Conventional loans are the type most popular type of loan for home buyers and borrowers.
There are a variety of options available for conventional loan financing including variable year options. Whether you are looking for a 10, 15, 20, or 30 year mortgage, a conventional loan can suit your needs. Conventional loans are also available with down payments of as low as 3%.
Fixed-Rate Mortgages for purchase and refinance are available with conventional loans. Fixed-Rate mortgages are ideal for those who intend to stay in their home at least 5-7 years. Adjustable-Rate Mortgages are best for those who are looking for a low-rate and low payment and are looking to move within 5-7 years.