Tag: conventional loan

Blog | jnadealerprogram.com

A mortgage issued by a private lender without going through a government program is a conventional loan. When somebody says a mortgage is a conventional loan, they separate it from FHA loans, VA loans, or USDA loans. Although this is an industry term, on their websites, lenders who sell conventional loans don’t necessarily mark their mortgages this way. They may simply refer to conventional loans as mortgages or label them fixed-rate or adjustable-rate mortgages, more descriptively. What are the different forms of conventional loans? Conventional mortgage loans may either be conforming or non-conforming. Here’s a [more]