Mortgage: Traditional

What Is a Conventional Mortgage Loan?

Guide to Types of Conventional Mortgages Loans

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Traditional mortgage

  • Conventional just means anything that is non-government
  • Conventional just means anything that is non-government
  • By that definition it can include many different types of home loans
  • The most common are conforming loans backed by Fannie Mae and Freddie Mac
  • Along with jumbo loans and non-conforming loans that don’t meet agency guidelines
  • As you might suspect, conventional mortgage loans can be both fixed mortgages or adjustable-rate mortgages, including the 30-year fixed, 15-year fixed,  hybrid ARMs, interest-only loans, and so on.
  • Basically anything under the sun. They can be used to purchase a home or refinance an existing mortgage.
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Team Randy Thomas
Team Randy Thomas
Jenny & Randy Thomas
Murney Associates Realtors
1625 E Primrose
Springfield, MO 65804
(417) 575-1291 Direct
(417) 894-9093 Cell

Cole Keeling
Mortgage Banker
NMLS # 1846956
Office # 573-356-4150

Address: 3100 South National Avenue Suite 201
Springfield, MO 65807

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The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC , Inc. Real estate listings held by Brokerage firms other than Randy Thomas - Team Randy Thomas / Murney Associates Realtors are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the web site contain all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. Data last updated: August 18, 2022 8 PM © 2022 Southern Missouri Regional MLS, LLC All rights reserved.

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