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CONVENTIONAL

LOAN

Typically Requires Down Payments Of At Least 3%.

Suburban Family Home

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.

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

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