Conventional Loans

Conventional Loans

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.

While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options.

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Jack Schwartz
NMLS: #138558
Company NMLS #129386

Mortgages by Jack

(734) 524 -0400

WMUZ Callers - (734) 838-3038

36139 Schoolcraft
Livonia, MI 48150

Disclaimer

The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification.