What is a Conventional Loan?
A conventional mortgage or conventional loan is any type of home buyer’s loan that is not offered or secured by a government entity, such as the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA) or the USDA Rural Housing Service, but instead is available through or guaranteed by a private lender or the two government-sponsored enterprises, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
- Purchases
- Rate and Term refinancing available (no streamline)
- Don’t want to start over again? New terms can be in any duration from 8 to 30 years.
- So, if you have paid into 3 years of your mortgage and want to stay on track refinance into a 27 year term mortgage.
- Don’t want to start over again? New terms can be in any duration from 8 to 30 years.
- 2nd/vacation Homes
- Rural/Log Cabin Homes
- Non Warrantable Condos-OK
- Manufactured Homes
These loans are available with as little as 3% down payment and may be used to purchase up to a 4 unit property.
Loans as high as $10,000,000 available!
Iraq (1st CAV) and Afghanistan (101st)
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CFG is owned and operated by Proud Veterans, military family members and supporters of our Great Armed Forces. We have extensive experience with the Conventional Loan process and are here to support you every step of the way.
