What's your scenario?

When it comes to getting a mortgage, you've got more options than you think. Everyone's situation is different. Tell me your scenario below, and I'll present you with all your options.
Close this form


Questions? Give us a call or chat now!
Ready for your free, no-obligation personalized rate quote?
Get Started Today
Conventional loans
Conventional loans

Conventional Loans


Conventional loans are any loans that are not guaranteed by the federal government. This allows the mortgage lenders to place more flexible terms on them. For instance, a conventional loan can be a fixed rate loan, an adjustable rate loan, or a loan with unique terms and conditions that are set by the mortgage lender.

VA and FHA loans, for example, are not conventional loans. Conventional loans vary widely in their terms, criteria, and underwriting requirements unlike government backed mortgage loans.

The credit and underwriting standards for conventional loans are higher than government-insured loans, and the loan standards for approval are based on predetermined loan to value ratios and the borrowers credit history. Normally, a 5% down payment is required for conventional mortgages, unlike FHA or VA loans.

Both Fannie Mae and Freddie Mac buy these conventional loans so lenders who desire to sell loans to them will have conform to the underwriting guidelines set forth by Freddie Mac and Fannie Mae. Loans that conform to Fannie Mae or Freddie Mac guidelines are called conforming loans.

If you'd like more information on conventional loans, or any other type of mortgage loan, we are here to help. Contact us today!

When it comes to getting a mortgage

you have more options than you think

  • FHA loan requirements 2017 in Florida (Frequently asked questions)

    What is the maximum loan amount/limit 2017? Maximum loan amount vary by county for traditi READ MORE
  • No Closing Cost Mortgage Home Loan

    What is a no closing cost mortgage? A no closing cost mortgage is simply an option that is READ MORE
  • #1 mistake when searching “Mortgage Rates Today”

    #1 mistake when searching “Mortgage Rates Today” The #1 mistake consumers make with th READ MORE
  • Call Today! (407) 704-8729 Hours: 8:30am to 9:00pm EST

  • © 2016 Copyright © 2016 Copyright Florida Home Funding

    Sondi And Associates, Inc. dba Florida Home Funding. NMLS ID: 870878 Location: 390 N Orange Ave #2125, Orlando, FL 32801 | Phone: (407) 704-8729

    Content provided by The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice.
  • Explore Florida Home Funding