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Elizabeth Weintraub

What is a Conventional Loan?

By May 11, 2011

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Home buyers tend to shop interest rates and usually don't think about whether they should get an FHA loan or a conventional loan. In fact, I bet most buyers don't know the difference between the two types of loans.

You can get a conventional loan from any major bank or credit union, just like other types of mortgage loans. Although, in case you're wondering, not every conventional loan is sold to Fannie Mae or Freddie Mac. There is also a bit of uncertainty about the future of Fannie Mae and Freddie Mac, and the outcome of that situation can have an impact on conventional loans . . . read more about a Conventional Loan.

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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

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