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 5% down payment options.
Program offered in cities of Jackson, Madison, Flowood, Brandon, Ridgeland, Hattiesburg, Biloxi, Gulfport, Ocean Springs, Batesville, Oxford, Starkville, Southaven, Hernando, Olive Branch. Program also offered in the entire state of Mississippi. Ready to learn more, give me a call at 601-213-7722