Conforming Loans

Loans that adhere to the guidelines set forth by Fannie Mae (from FNMA: Federal National Mortgage Association) and Freddie Mac (from FHLMC: Federal Home Loan Mortgage Corp), two corporations that purchase package, and sell loans that meet their conditions as securities to investors. These are referred to as “A” paper loans.

Conforming loans must meet certain guidelines regarding down payment, loan limits, borrower qualifying criteria, and appropriate properties.

With the variety of loan possibilities out there, it is important to consider your needs in conjunction with the options available before making your loan choices. Some of these options allow for lower interest rates in the earlier stages, with options to convert or phase into a fixed rate over time.

Questions about which loan is right for you?

Get in touch with one of our helpful loan officers!