How Do Conventional Loans Compare to Other Mortgage Options?
A conventional loan is a type of mortgage that is not insured or guaranteed by the federal government. These loans are typically offered by private lenders such as banks, credit unions, and other financial institutions. The terms and conditions of conventional loans can vary, but they often require a higher credit score and a larger down payment compared to government-backed loans. Conventional loans come in two types: conforming and non-conforming.https://homeloanfl.com/convent....ional-loans-compare-