Conventional Loan

A conventional loan is a type of mortgage that is not insured or guaranteed by the government, like FHA or VA loans. It is typically offered by private lenders and requires a good credit score and a decent down payment. These loans often have stricter qualification criteria but may offer lower interest rates and fewer ongoing restrictions. Conventional loans are flexible and suitable for borrowers who meet the credit and income requirements, making them a popular choice for purchasing or refinancing a home in the private lending market.