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Conforming

Conforming Loans

This is the most common, most used, most popular type loan program. This simply implies two things about a loan: First, that the maximum loan size is $417,000. And Second, that the loan has been originated in a manner that makes it eligible for sale to the two Government Service Entities (GSE’s) commonly called Freddie Mac and Fannie Mae. The minimum downpayment is 3%. However the more common loan programs will require a minimum of 5% downpayment. This product is available for both Primary residences and Residential Investment property as well as owner occupied second homes (Mainly vacation homes).

 

What people are saying

My wife and myself have enjoyed the professional services that David Tyndall and the team at Mortgage Choice offers for two home mortgages and they always make finding our way through the home purchase process easy. I can always rest easy knowing the experience Mortgage Choice brings to the process will be stress free and handled in a professional manner. There is no other choice for us!

Mike Smith