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Conventional Loan

A conventional loan is a private-sector loan that is not guaranteed or insured by the U.S. Government. They provide a low interest rate option and do not have special eligibility requirements.

What is a conventional loan?

A conventional loan includes the following features

1. A down payment of as low as 3%.
2. Adjustable Rate Mortgage (ARM) and Fixed Rate options available.
3. No Mortgage Insurance options available.
4. Variety of property types allowed, including condos and manufactured homes.
Conventional Main Detail