Conventional
loans.

A standard mortgage that isn’t backed by the government.

The program

The mortgage most buyers start with.

A conventional loan is a mortgage that isn’t insured or guaranteed by a government agency like the FHA or the VA. Most follow the guidelines set by Fannie Mae and Freddie Mac, which is why they are also called conforming loans.

They work for a main home, a second home or a rental property. Vadim compares conventional loans from several lenders, so you can see your options side by side before you choose.

What to know

Four things to know about conventional loans.

  1. 01

    Mortgage insurance can come off

    With a smaller down payment you usually pay private mortgage insurance. It can be removed once you have enough equity in the home.

  2. 02

    More than one kind of home

    Use it for the home you live in, a vacation home or an investment property.

  3. 03

    Fixed or adjustable

    Choose a rate that stays the same for the life of the loan, or one that adjusts over time.

  4. 04

    Loan limits apply

    Conforming loans have a maximum size, set each year. Above it, a jumbo loan takes over.

Working with Vadim

One broker, from the first call to the keys.

  1. Talk it through

    A call about your plans, your numbers and your timeline.

  2. Apply once

    One application and one credit check, while Vadim looks at several lenders.

  3. Vadim shops the loan

    As a broker, he compares loans from multiple lenders and brings you the options.

  4. Close

    He stays with you through underwriting, the appraisal and closing.