GET A CONVENTIONAL LOAN
IT’S FLEXIBLE, EASY TO QUALIFY AND
COMES IN MANY OPTIONS

The Moneyhouse Conventional Loan is a traditional mortgage loan offered largely through the secondary market private agencies Fannie Mae and Freddie Mac. Rather than being insured by the Federal Government, conventional mortgage loans are insured by private mortgage insurance companies. If you qualify, conventional mortgage loans offer many advantages and they are often more affordable.

Every day, thousands of new and existing homeowners close Fannie Mae and Freddie Mac mortgage transactions and fulfill their dreams of homeownership.

Requirements for these loans are determined by:

  • Down payment amount
  • Borrower’s credit score
  • Amount of the loan (available in amounts from $10,000 to $417,000)
  • Borrower’s income

Conventional mortgage loans are flexible:

  • Term can range from 5-30 years
  • Loan-To-Values available with and without private mortgage insurance including 97% loan to value with 100% gift down payment feature
  • Available for a variety of property types including Single Family Dwellings, 2-4 units, Townhomes, Planned Unit Developments, Approved Condominiums, Second Homes, and Residential Investment Properties

Most conventional loans have a fixed interest rate for the life of the loan. When trying to determine if a fixed rate conventional loan best suits your situation, consider the following:

Fixed-Rate Mortgage:

  • Offers low interest rates
  • Typically a 15- or 30-year loan term
  • Payment remains the same over the life of the loan
  • Good choice if staying in your home for an extended time
Loan Name Available in U.S Available in P.R.
Conventional FHA – Fixed Rate YES YES
Conventional FHA – Adjustable Rate YES
Conventional Agency Fixed Rate YES YES
Conventional Agency Adjustable Rate YES

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Not all programs, references, products, options and terms indicated are available in all states. Terms, features and benefits for specific loan programs and information provided are subject to change without notice. This information is not a loan commitment, loan approval, or offer to lend. Individual and property specific program qualification guidelines including borrower and property eligibility should be discussed with a professionally licensed Moneyhouse Mortgage Loan Originator. You are encouraged to seek professional services assistance for accounting, legal and real estate matters relating to your contemplated transaction. Some programs referenced may require specific 3rd party or designated housing counseling requirements. For refinance programs, program imitations may include cash-out options and loan-to-value – refer to specific program guidelines offered by your professionally licensed Moneyhouse Mortgage Loan Originator for more details. For purchase transactions, property value is determined as the lesser of the final purchase price or the adjusted appraised value – refer to specific program qualification and eligibility guidelines offered by your professionally licensed Moneyhouse Mortgage Loan Originator for more details. Programs and products noted may require the payment of upfront, annual and/or monthly private mortgage insurance premiums and/or mortgage insurance payments. Not all programs will provide proceeds sufficient to pay off outstanding debts and liens filed of record. Other restrictions may apply. These materials and information are not from or approved by HUD/FHA. The Money House, Inc., is an Equal Housing Lender.