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CONVENTIONAL
LOAN
Typically Requires Down Payments Of At Least 3%.
![Suburban Family Home](https://static.wixstatic.com/media/99ea595a123e414dba96b7c23df3cb87.jpg/v1/fill/w_106,h_71,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/99ea595a123e414dba96b7c23df3cb87.jpg)
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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