Loan Program
Conventional Fixed Rate (FRM)
Predictable principal and interest for the life of the loan.
What is a Conventional Fixed Rate (FRM)?
A conventional fixed-rate mortgage carries the same interest rate for the entire term, typically 15, 20, or 30 years. Your principal and interest payment will not change.
Conventional loans are not insured by a government agency and follow guidelines set by Fannie Mae and Freddie Mac.
Key benefits
- Stable, predictable principal and interest payments
- Available for primary, second home, and investment properties
- Private mortgage insurance can be cancelled at 20% equity
Who qualifies?
- Borrowers with established credit history
- Stable, documentable income and employment
- Properties that meet conventional appraisal guidelines
Frequently asked questions
Looking for a different program? See all loan programs.
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