Conventional loans are favored by numerous homebuyers due to their flexibility and straightforward nature, as they are not tied to any specific government program.

There are two main categories of home loans: government-backed loans and Conventional loans. Conventional loans operate under the guidelines established by Fannie Mae and Freddie Mac. These entities were established by the government to increase the availability of funds for lenders, enabling them to provide more loans to prospective homeowners.

Conventional loans come with a range of terms and options, allowing homebuyers to customize a loan that perfectly fits their financial circumstances.