What is a Conventional Mortgage?
A conventional mortgage loan is one of the most common types of mortgage. Conventional mortgages are not directly insured or guaranteed by the federal government like FHA and VA loans.
Conventional loans can be fixed rate loans or adjustable rate loans, and are available for residential properties like single family homes, multi-family properties up to 4 units, cooperatives, and condominiums.
What is a non-conventional mortgage?
A non-conventional mortgage is a loan that does not meet the standard conventional loan guidelines. A borrower may qualify for a non-conventional mortgage for reasons such as being self-employed, having a history of bankruptcy, unsteady employment history, or lack of sufficient income. We offer financing solutions for all scenarios. Contact us to learn more about our loan programs.