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Conventional Mortgage
A conventional mortgage also known as a conventional loan is one of the most widely used options for home financing. Offered by most lenders, it provides a reliable and straightforward way to purchase a home.
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Conventional Mortgage Information
A conventional mortgage is a home loan that isn’t backed by a government agency like the FHA or VA. Instead, it’s offered by private lenders—such as banks, credit unions, and mortgage companies—and is one of the most common and reliable ways to finance a home. At Bravo Mortgage, we guide you through every step of the process, helping you understand your options and choose the solution that fits your goals best.
Conforming Loans: These loans meet the requirements set by Fannie Mae and Freddie Mac—two government-sponsored entities that help fund the U.S. housing market. The key factor is the loan size limit, which was $647,200 for most of the U.S. in 2022, with higher limits in select high-cost areas.
Nonconforming Loans: Also known as jumbo loans, these are designed for buyers who need to borrow more than the conforming loan limits. Other nonconforming options are available for those with unique financial situations, such as lower credit scores, higher debt, or recent credit challenges.
At Bravo Mortgage, we work to find the right solution—whether it’s a standard conforming loan or a more specialized alternative.
Even when choosing a conventional mortgage, you may qualify for down payment assistance programs through local or state initiatives. These resources can be a helpful boost—especially for first-time buyers or those working with limited funds.
Conventional loans offer flexibility, competitive rates, and wide eligibility, making them a strong option for many buyers. Whether you're purchasing your first home, upgrading, or refinancing, Bravo Mortgage is here to help you make confident, informed decisions—every step of the way.
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We understand that every dream is unique and personal. If you're ready to take the next step or simply have questions.
