A conforming mortgage is a type of mortgage loan that has to meet certain guidelines of Fannie Mae and Freddie Mac. The loan amount must also be at or below the conforming loan limit set by these two companies.
What is a Conforming Mortgage?
Did You Know?
A conforming loan is essentially guaranteed by the government, which, as a result, makes conforming mortgages one of the most appealing loans to aspiring homeowners because of their competitive rates and increasing loan limits.
Conforming Mortgage is for you if:
– You’re a homebuyer with a solid credit profile.
– You’re seeking to apply for a mortgage that has lower interest rates and down payment.
– Your borrowing need doesn’t exceed your county limit.
Loan Features:
– You’re a homebuyer with a solid credit profile.
– You’re seeking to apply for a mortgage that has lower interest rates and down payment.
– Your borrowing need doesn’t exceed your county limit.
If you’re thinking about applying for a Conforming Mortgage, our experts are more than willing to help you.
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