Fort Lauderdale Conventional Loans Expert Conventional low rates now enable borrowers to afford more home and get more mortgage value than ever before. And conventional loans are where most people are flocking. A conventional loan is one that is made through a financial institution or other lender using criteria set out by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). These loans are then bundled and sold in mortgage-backed securities. Because of their standardized and stringent criteria, most lenders offer conventional loans as their mortgage bread and butter. The advantages to the borrower are a host of different options from terms to rates, particularly rewarding borrowers with good credit and stronger financial profiles. While getting approved for a conventional loan may be more difficult than one of their government-backed counterparts, conventional loans offer their own advantages. When it comes to faster underwriting and more loan options, conventional loans offer a wide variety of fixed rates, adjustable rates, loan terms and servicing variabilities. Do you want a 30-year fixed rate or a 7-year fixed rate? How about an adjustable rate? Home purchase? Refinance? Florida State Mortgage Group, Inc. 1512 E Broward Blvd #204A, Fort Lauderdale, FL 33301 (954) 359-3000 Mon-Fri 9am-5:30pm Sat:10am-3pm Sun:10am-2pm https://www.google.com/maps?cid=5464149498827190981