A fixed rate loan that also includes low down payment options.

• Conventional loans are Fannie Mae and Freddie Mac loans.  The minimum down payment requirement is 3%.
• Private mortgage insurance will be added to your payment if you put down less than 20%. Interest rates for conventional loans are very much credit score driven, the higher your score the lower your interest rate. With a conventional loan you can purchase a primary residence, a second home/vacation residence, or an investment property.
• Fixed and adjustable rates are available, and terms from 10 to 30 years.