Conventional loan
A mortgage that is not insured by FHA or guaranteed by VA or USDA.
PMI is common when equity starts below 20%.
Conforming loans fit the size rules of Fannie Mae or Freddie Mac. Larger loans are jumbo.
A mortgage that is not insured by FHA or guaranteed by VA or USDA.
PMI is common when equity starts below 20%.
Conforming loans fit the size rules of Fannie Mae or Freddie Mac. Larger loans are jumbo.