conventional home loan

Conventional Home Loans

A conventional loan encompasses a lender agreement that’s not backed in full by the Veterans Administration or protected by the Federal Housing Administration (FHA).   The major disadvantage of conventional loans are the larger down payments that are not typically found in government-backed loans.

The Benefits of Conventional Loans:

• Lenders may keep the loan in their portfolio to allow more flexibility in underwriting.
• The ability to either eliminate or negotiate certain types of loan fees.