Found 1 blog entry tagged as conventional home loans.

When it comes to buying a home, understanding your mortgage options can feel like learning a new language. Let's break down the essentials of "conventional" and "non-conforming" loans and see how they fit into your home-buying plan.

What's a Conventional Loan?

Imagine you're shopping for a mortgage not backed by the government. That's a conventional loan for you. These loans stick to rules set by Fannie Mae and Freddie Mac, two big names in the mortgage world. Most home loans out there are conventional and pretty straightforward to get.

Conforming vs. Non-Conforming Loans

Now, within conventional loans, you've got "conforming" and "non-conforming" types. A conforming loan is governed by Fannie Mae and Freddie Mac’s rules, especially…

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