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Traditional Mortgage Loan Products: Conventional. A conventional mortgage refers to any housing loan that’s not insured or guaranteed by the Federal Government. Conventional loans offer competitive interest rates, and documentation and good credit are required to qualify.
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The Disadvantages Of VA Home Loans. You’d be hard pressed to find a whole lot of drawbacks to a VA home loan. Assuming you qualify – i.e., that you are an active member of the United States military, or a veteran – then you will quickly see that the pros of such a loan far outweigh the few cons.
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To find a home loan specialist near you, enter an address, county or zip code for the area in which you will be financing. To find a home loan specialist near you, enter an address, county or zip code for the area in which you will be financing.
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