A conventional loan is offered by semi-government sponsored lenders and adheres to the guidelines of Fannie Mae and Freddie Mac. It can also be used on nearly all property types up to 4 units and may have either a fixed or an adjustable rate.
A range of down payment options
Advantages for higher down payments and no mortgage insurance
Financing available for properties commonly restricted by government loan
Option to eliminate mortgage insurance
Talk to your Redondo Mortgage Center loan officer to clarify which loan program may best meet your needs.