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We had ANOTHER 1 Day Clear To Close!

We recently had ANOTHER 1 DAY CLEAR TO CLOSE. Mary Cables, one of our amazing Mortgage Loan Originators who worked with this client, sat down

What is a Conventional Loan?

A Conventional Loan is any loan that is not a government loan. An example of a government loan would be a VA loan, an FHA loan, or a USDA loan. These loans are all guaranteed or insured by the government.

What is Mortgage Insurance?

Typically, if a borrower makes a down payment less than 20% of the purchase price of the home on a conventional conforming loan, they will need the loan insured in some way.