Conventional Loan

A conventional loan refers to a mortgage that is not insured or guaranteed by any government agency, such as the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), or the U.S. Department of Agriculture (USDA). Instead, conventional loans are originated and funded by private lenders, including banks, credit unions, and mortgage companies. These loans typically require higher credit scores and down payments compared to government-insured loans. Conventional loans offer a variety of terms and options, including fixed-rate and adjustable-rate mortgages, making them a popular choice for borrowers who have strong credit histories and financial stability.

John Carreker picture
John Carreker picture

John Carreker

Loan Originator

Barrett Financial Group, L.L.C. | NMLS: 1111730

Getting started is Quick & Easy

If you have any questions, I’m here for you

purchase

refinance