Conventional Home Loans

Conventional loan programs fall under two categories. One is called “conforming” mortgages because they conform to guidelines established by Fannie Mae and Freddie Mac. These two government-sponsored enterprises (GSEs) buy mortgages from lenders and sell them to investors. Their purpose is to make mortgages more widely available. All conforming mortgages are also conventional mortgages. Conventional home loans held by mortgage lenders on their own books are called “portfolio” loans. Because lenders can set their own guidelines for these loans and do not sell them to investors, these products may have features that other mortgages do not. For example, a portfolio lender might allow a borrower to use investments like stocks and bonds as a security for a mortgage for which she would not otherwise qualify. At Taras Duhnevich, Home Loan Mortgage Advisor, we can help you learn about these home loans and determine which option is best for you and your needs. Contact us today if you’re looking for a reliable loan service in the Kirkland, WA, area.