Conventional loans are also referred to as conforming loans and deemed so because they “conform” to guidelines set by Fannie Mae and Freddie Mac.

At SWBC Mortgage, we know how important it is to find a home loan to meet your specific needs and goals. With our conventional mortgage loans, you will gain access to several fixed- and adjustable-rate options. Conventional loans can provide qualified borrowers with many key benefits, including the ability to obtain financing for nearly any property type and multiple down payment options.

Conventional loan highlights:

  • Down payment options as low as 3%
  • No Private Mortgage Insurance (PMI) with 20% down payment
  • Gift funds allowed for owner-occupied and second homes
  • Not guaranteed by any government agency
  • Loan limits vary by geographic location

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