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What Does Conventional Mortgage Mean?

April 26, 2017conventional conventional mortgage Education glossary Investing Investment mean mortgage tutorials

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What Does Conventional Mortgage Mean?

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A type of mortgage in which the underlying terms and conditions meet the funding criteria of Fannie Mae and Freddie Mac. About 35-50% of mortgages, depending on market conditions and consumer trends, are conventional mortgages. In other words, Fannie Mae and Freddie Mac guarantee or purchase 35-50% of all mortgages. Conventional mortgages may be fixed-rate or adjustable-rate mortgages.

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