Rebrand – answers to frequently asked questions


Conventional Conforming Home Loans are tailored for borrowers seeking financing within the standard loan limits set by the Federal Housing Finance Agency (FHFA). These loans are ideal for homebuyers with good credit and a stable income, offering competitive interest rates and various term options. These loans can cater to a wide range of financial situations. Conventional Conforming Loans do not require private mortgage insurance (PMI) if the down payment is 20% or more, making them an attractive choice for those looking to avoid additional monthly costs. This option provides a straightforward path to homeownership with reliable terms and conditions.

Loan features

1The Federal Housing Finance Agency (FHFA) publishes annual high-cost area loan limits that apply to all conventional mortgages delivered to Fannie Mae.