Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a conventional mortgage?

conventional FRM Interest rate interest rates mortgage mortgages
0
Posted

What is a conventional mortgage?

0 CommentsAdd a Comment

11 Answers

1 2 3
0

A. A conventional mortgage is usually one where the down payment is equal to 20% or more of the purchase price; a loan to value of less than 80%; and does not normally require mortgage insurance.

0 CommentsAdd a Comment
0

A conventional mortgage is a loan not obtained under a government insured program such as FHA or VA. Conventional mortgage loans are typically held by institutional investors such as banks or insurance companies.

0 CommentsAdd a Comment
0

(UP) A conventional mortgage is usually one where the down payment is equal to 20% or more of the purchase price, a loan to value of or less than 80%, and does not normally require mortgage loan insurance.

0 CommentsAdd a Comment
0

A conventional mortgage is one where the down payment is equal to a minimum 20% of the purchase price, a loan to value of or less than 80%, and does not require mortgage loan insurance.

0 CommentsAdd a Comment
0
10

A. A conventional mortgage is usually one where the down payment is equal to 25% or more of the purchase price; a loan to value of less than 75%; and does not normally require mortgage insurance.

0 CommentsAdd a Comment
1 2 3

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123