Augusta
VIP Contributor
There are different kinds of mortgage you can take out to buy a property or asset. One of such is the conventional mortgage.
Conventional mortgage is a mortgage that’s not backed by a government agency.
This kind of mortgage is offered by private lenders like the banks and credit unions etc. This mortgage is flexible in purpose which you can use to buy your first or second home.
The money you can borrow depends on your income and down payment guidelines set by the FHFA.
To get this loan you require a higher credit score than government-backed loans. choose a conventional mortgage.
Conventional mortgages comes in two forms which are the conforming or nonconforming ones.
Conventional mortgage is a mortgage that’s not backed by a government agency.
This kind of mortgage is offered by private lenders like the banks and credit unions etc. This mortgage is flexible in purpose which you can use to buy your first or second home.
The money you can borrow depends on your income and down payment guidelines set by the FHFA.
To get this loan you require a higher credit score than government-backed loans. choose a conventional mortgage.
Conventional mortgages comes in two forms which are the conforming or nonconforming ones.
