A Conventional loan is any loan that is NOT a government guaranteed loan.
Conventional loans are available for fixed, adjustable, buy-down or balloon
programs. One to four family properties are eligible for conventional financing.
Rural and urban properties are eligible, but not farms. Conventional loans are
available for owner-occupied properties up to 100% of the sales price or
appraised value, whichever is less. Conventional loans are available for
non-owner occupied properties at rates slightly higher than owner-occupied
rates, up to 100% of the sales price or value. Call your First Equity loan
officer for details.
Call (800) 557-0270 for details
