Welcome to our Conventional Mortgages page at Mahoney Mortgage Group, where we’ll provide you with valuable insights into conventional home loans. If you’re considering buying a home or refinancing your existing one, understanding conventional mortgages is crucial. These loans play a significant role in the housing market and offer a range of benefits for borrowers with strong credit histories and financial stability.
A conventional mortgage, also known as a conforming loan, is a type of home loan that is not insured or guaranteed by the government, unlike FHA or VA loans. Instead, conventional mortgages are backed by private lenders, and they adhere to guidelines set by two government-sponsored enterprises: Fannie Mae and Freddie Mac.
Determining whether a conventional mortgage is the right choice for you depends on your financial situation, credit score, and homeownership goals. It’s essential to work with a knowledgeable mortgage lender at Mahoney Mortgage Group who can help you explore your options and find the loan that best suits your needs.
Connect with us today and take the first step towards secure, hassle-free financing.