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A Great Loan with Great Features

Conventional loans are not backed by a government agency. While qualifications may be tougher, they offer great rates, many down payment options, and flexible terms. You generally need a good to strong credit score to qualify for a loan of this type. 

Conventional loans are broken down into these two main categories:

Conforming Loans

Loans that have a maximum loan amount set by Fannie Mae and Freddie Mac.

Non-Conforming Loans

Loans that don't meet Fannie and Freddie's standards.

There three main reasons why a loan might not conform:

  1. It is large, reaching the "Jumbo" standard
  2. A fixed and adjustable-rate loan is available
  3. Down payments may be as low as 5% or 10%

*Certain eligibility requirements apply to manufactured housing. Consult your Guardian Mortgage loan originator for details. Certain terms and restrictions apply. Program available only to qualified borrowers. Program subject to change without notice. Underwriting terms and conditions apply. Loan subject to credit review and approval.