Conventional loans are mortgage options not backed by any government agencies. They are the most popular choice for many buyers. With a plethora of different options, conventional loans are a strong choice for first-time and repeat buyers alike.
At Federal Hill Mortgage, we are driven by a singular goal: to get you into the home of your dreams at the right rate and term that works for your wallet and needs. Conventional loans are straightforward offers that many qualified buyers seek. They come in different shapes and sizes, with different terms (the span of time) and rates (the annual interest you pay over time). Through our brokerage and lending services, we’ve helped thousands of prospective buyers become homeowners.
Put simply, a conventional mortgage loan is one not backed by the government. Options such as FHA, VA, and USDA loans are considered non-conventional because they are government-insured. There’s not a right or wrong answer between which type you choose. Rather, there are specific scenarios that may make one option more appealing to your specific situation over the other. The expert team at Federal Hill Mortgage is here to help you determine which is best for you.
At Federal Hill Mortgage, our success story is the memories you get to create in your new home. We believe that you should have attentive, professional, and effective mortgage brokers and lenders ready to help you find the right conventional loan.