What is Conventional Financing?

1
What is conventional financing?

• Dunhill Homes

2
What is it?

• Conventional loans are loans that follow
  guidelines set by Fannie Mae and Freddie Mac

3
Features

• Often, conventional loans require a FICO score
  of 720 or higher
• Exceptions can be made
• Requires a down-payment of at least 5
• A down payment lower than 20 will require
  mortgage insurance
• Loan limits vary by area, but 417,000 is common
  in many areas

4
Get more information

• Loan program guidelines vary and can be
  confusing. It is a good idea to go over loan
  options and specifics with a Loan Officer

5

• Thank you.
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