A Conforming Loan is a mortgage loan that follows the terms and conditions set forth by Fannie Mae and Freddie Mac. Conforming Home Loans are one of the most popular home financing options for borrowers because of the extremely low interest rates available for those that qualify. Conforming Loans also offer low down payment options which makes it one of the most affordable home loan programs.
Befefits of a Conforming Home Loan
- Lowest interest rate of all loan programs
- Low down payment options
- Fixed and Adjustable-Rate terms available
- Lower monthly mortage insurance than FHA
- No prepayment penalties
Apply for a Conforming Home Loan
Conforming home loans have loan limits set forth by the Federal Housing Finance Agency and loan limits vary by location. To find out your area’s Conforming Home Loan Limits or to see if you qualify for a conforming home loan please fill out our “Quick Approve” application online or contact one of our loan specialists today at 949-900-4600.