Conventional loans are mortgage loans offered by non-government sponsored lenders. A conventional or conforming mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. Conforming mortgages have dollar amount limits.
A 20% down payment is not required for all conventional loans. Many lenders now offer low down payment options. Contact us for more information: 971-219-0856.