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A conventional loan can be conforming or nonconforming and have either fixed or adjustable rates.
Conventional Loan Checklist
Conventional loans use Fannie Mae or Freddie Mac guidelines to establish set lending standards throughout the mortgage industry. The guidelines include minimum allowable credit scores, income requirements, and minimum down payments.
When you are applying for a conventional loan, the following list of documents will help expedite the process. We can help you understand any part of the conventional loan process, so please reach out to us with any questions.