Conventional Mortgage

Fannie Mae & Freddie Mac, are the investors on these loans. Often referred to as "A" paper loans. They are designed for borrowers with good to excellent credit and who can provide necessary documentation to prove income and assets. These loans offer the best market interest rates available. If the borrower has less than 20% to put down, mortgage insurance (MI) is charged. Often the loan is set up as two loans typically an 80% first loan and 20% second loan, this waives the need for MI.

Conventional loans over $417,000 are called jumbo loans; Jumbo loans require 5-10% minimum down payment and generally the underwriting is a little less flexible.

Fannie Mae also offers My Community Loan Program for first time home buyers with little or no credit history and little or no money down. Click here for more information on Fannie Mae's My Community Loan Program.

Securing your mortgage is as easy as