PRIME EQUITY
MORTGAGE, inc.

Your Prime Source For Real Estate Financing 

 
 

Conventional Mortgages

A conventional mortgage is a type of mortgage in which the underlying terms and conditions meet the funding criteria of Fannie Mae and Freddie Mac. About 35-50% of mortgages, depending on market conditions and consumer trends, are conventional mortgages. In other words, Fannie Mae and Freddie Mac guarantee or purchase 35-50% of all mortgages. Conventional mortgages may be fixed-rate or adjustable-rate mortgages.

Typically, borrowers using conventional financing to purchase have 20% down payment, which means that borrowers only need to finance 80% loan-to-value. 

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NMLS Co.# 1305125
1024 Iron Point Rd. | Suite 100 | Folsom | CA | 95630
Office 916.458.5982
Toll Free | 866.603.1866
e-Fax | 916.357.7691
Servicing or General Inquiries: clientservices@primeequitymtg.com
QM Products - Serving CA Only 
Commercial Property Loan Products Offered - Nationwide 

 

 

 
 

Normal Business Hours: M - F  9:00a - 5:30p PST