Homestead Financial Mortgage

Conventional Loans

A Conventional loan is a type of mortgage that complies with guidelines established by Fannie Mae and Freddie Mac and differ from FHA and VA government loans which are backed by the FHA (Federal Housing Administration). Conventional loans have a different requirement for your debt-to-income ratio as well as your credit score than FHA or VA loans. Borrowers may select either a fixed rate or an adjustable rate for Conventional loans.

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