A conventional loan is also known as the standard loan. This type of loan is backed by a government agency either Fannie Mae or Freddie Mac. Conventional loans are designed to help home buyers find their perfect mortgage with varying parameters. It makes the loan process more simple. There are first time home buyer conventional loans as well. Conventional loans are nice because the mortgage insurance can eventually fall off and can be lower than other types of loans.
Maximum Amount: $816500*
*for specific Denver metro counties
