Almost all lenders and brokers offer conventional loan programs. These can range from fixed loans (30-year, 15-year, 10-year, etc.) to Adjustable Rate Mortgages (5/1 ARM, 3/1 ARM, etc.).
When you select a conventional loan program, the loans are “bought” by an investor on the secondary market such as Fannie Mae or Freddie Mac but the loan will continue to be serviced by the original lender. Because investors buy these loans from lending institutions, they determine the qualifying factors, such as credit rating, debt-to-income ratios, and interest rates.
When it comes to product range, our preferred lender has an extensive lineup. They have a full array of choices and lots of ideas to help more buyers qualify. They are Fannie Mae, Freddie Mac and Ginnie Mae approved. After nearly 30 years serving the needs of home buyers, they know their way around the block. When you’re pre-approved through the Advantage Home Plus program you’re as good as home!