{"id":470,"date":"2014-02-22T07:20:47","date_gmt":"2014-02-22T07:20:47","guid":{"rendered":"http:\/\/cranbrookloans.com\/?page_id=470"},"modified":"2014-02-22T07:20:47","modified_gmt":"2014-02-22T07:20:47","slug":"conventional-loans","status":"publish","type":"page","link":"https:\/\/mortgageoriginator.org\/michaeldavis\/conventional-loans\/","title":{"rendered":"Conventional Loans"},"content":{"rendered":"<p>Conventional Fixed Rate Mortgages &#8211; You can typically put down as little as 3% with our 30, 20, 15, and 10 year fixed rate mortgage solutions. Interest rates for these loans may be lower than what&#8217;s available with lower money down solutions such as FHA loans and USDA mortgages (although that&#8217;s not always the case). Borrowers who put down less than 20% on a conventional loan will likely have to pay private mortgage insurance along with their monthly mortgage obligations in the early years of their loan until they build up additional equity.<\/p>\n<div style=\"width: 525px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-470-1\" width=\"525\" height=\"295\" poster=\"https:\/\/mortgageoriginator.org\/michaeldavis\/files\/2018\/07\/click-video.jpg\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/mortgageoriginator.org\/michaeldavis\/files\/2018\/07\/3-percent-down-customer-educational-video.mp4?_=1\" \/><a href=\"https:\/\/mortgageoriginator.org\/michaeldavis\/files\/2018\/07\/3-percent-down-customer-educational-video.mp4\">https:\/\/mortgageoriginator.org\/michaeldavis\/files\/2018\/07\/3-percent-down-customer-educational-video.mp4<\/a><\/video><\/div>\n<p>&nbsp;<\/p>\n<p>A conventional mortgage is typically considered a loan that conforms to the guidelines set forth by Freddie Mac and or Fannie Mae, the two government sponsored enterprises (GSEs) that provide liquidity in the mortgage market.<\/p>\n<p>Whenever someone refers to a \u201cconventional loan\u201d they are typically referring to conforming aka conventional mortgages that are eligible for purchase by Fannie Mae and Freddie Mac.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conventional Fixed Rate Mortgages &#8211; You can typically put down as little as 3% with our 30, 20, 15, and 10 year fixed rate mortgage solutions. Interest rates for these loans may be lower than what&#8217;s available with lower money down solutions such as FHA loans and USDA mortgages (although that&#8217;s not always the case). &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/mortgageoriginator.org\/michaeldavis\/conventional-loans\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Conventional Loans&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-470","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages\/470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/comments?post=470"}],"version-history":[{"count":0,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages\/470\/revisions"}],"wp:attachment":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/media?parent=470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}