What is a “conventional loan’?
What Is a Conventional Loan? Conventional mortgage loans are one of the most popular options for financing a home. Conventional loan interest rates are fixed or variable, and the loans fall into either conforming or nonconforming loan types. Conforming loans are conventional loans that a lender intends to sell to Fannie Mae and Freddie Mac, which are government-sponsored entities, and the lenders have eligibility guidelines […]