Review:
Conventional Mortgage Loans
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Conventional mortgage loans are traditional home loans not insured or guaranteed by a government agency.
Key Features
- Fixed or adjustable interest rates
- Down payments typically 20% or more
- Private mortgage insurance may be required for down payments below 20%
Pros
- Competitive interest rates
- Flexible loan terms
- Available for primary, secondary, or investment properties
Cons
- Higher credit score requirements compared to government-backed loans
- May require larger down payments