Conventional Loans
MORTGAGE LOANS OFFERED BY NON-GOVERNMENT SPONSORED LENDERS
Conventional loans are mortgage loans offered by non-government sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate.
While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options.
These loan types include:
- Fixed Rate Loans
- Adjustable Rate Loans (ARMs)
- Combination (Hybrid) Loans
- Balloon Mortgages and Pledge Asset Loans
- Jumbo / Construction Loans
For more information, contact us at 406-294-7207 or info@divisionmortgagegroup.com
or visit us at our downtown Billings location at 1320 Division Street, Billings, MT 59101.
Need assistance or would you like to know what information you will need before applying? Click here to contact us.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
