Real estate blog entries tagged with conventional loans by Gaurav Bhola (GimmieTheScoop)

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Home : Blogs : Gaurav Bhola : Gaurav Bhola : Tag "conventional loans"

conventional loans: What Are Conventional Loans - 02/05/08 03:54 PM

By, Gaurav Bhola, MSM
The federal government is the major driver of the idea of home ownership. Hence, it has become the biggest player in the residential mortgage market. Approximately one out five residential loans are either guaranteed or insured or by a federal agency. These types of loans are called government loans. The other 80 percent of residential mortgage loans are called conventional loans.
A Conventional mortgage must meet the underlying funding terms and other limits of Freddie Mac and Fannie Mae. For home properties in some states and U.S. territories such as Alaska, Hawaii, Guam, and the U.S. Virgin Islands, … (1 comments)

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