At Denali Fundion Group, we believe in turning conventional mortgages into opportunities for extraordinary savings. With the expertise of our dedicated team, we go beyond the ordinary to secure better rates and smoother experiences for our clients.
What is a Conventional Mortgage Loan?
A conventional mortgage loan is a popular choice for homebuyers. Unlike loans backed by federal programs (such as FHA or VA loans), conventional loans are offered directly by private lenders. These loans come in two main categories:
- Conforming Loans: Meet the guidelines set by Fannie Mae and Freddie Mac, including loan size limits.
- Non-Conforming Loans: Exceed conforming limits or fall outside standard criteria (e.g., jumbo loans).
This flexibility makes conventional loans a great fit for many borrowers.
Is This Loan Right for You?
A conventional loan might be your best option if you:
- Have a stable income.
- Maintain a strong credit score.
- Can make a down payment between 3% and 20%.
