1. A mortgage in which the interest rate does not change during the entire term of the loan. also called Fixed-Rate Mortgage (FRM).
2. A mortgage that is not insured or guaranteed by the government, as opposed to a government mortgage.
Related information about conventional mortgage:
- Conventional, VA, FHA mortgage
Learn about the pros and cons of conventional and government-backed loans before you shop for mortgages.
- Differences between FHA and conventional mortgages
Dec 13, 2002 ... Dr. Don advises a reader who wants to know what is the difference between FHA and conventional mortgages.
- Conventional Mortgage Definition | Investopedia
A type of mortgage in which the underlying terms and conditions meet the funding criteria of Fannie Mae and Freddie Mac. About 35-50% of mortgages, ...
- What is a Conventional Mortgage Loan? | The Truth About Mortgage ...
Dec 10, 2010 ... Mortgage Q&A Friday: “What is a conventional mortgage loan?” A “conventional mortgage” simply refers to any mortgage loan that is not insured.
- Which Mortgage for You? FHA Loan or Conventional Mortgage?
FHA loan products have become increasingly popular within the past year or two, both for mortgage refinance purposes and as first loans to buy homes.
- How Do I Qualify for a Conventional Mortgage? | Home Guides | SF ...
Conventional mortgages are issued by banks, credit unions and private mortgage companies. Unlike FHA or VA loans, conventional loans are not insured by the ...
- Conventional Mortgage - LendingTree
Any mortgage which is not insured or guaranteed by a government agency such as HUD/FHA, VA, or the Farmers Home Administration.
- What is conventional mortgage? definition and meaning
Definition of conventional mortgage: A mortgage in which the interest rate does not change during the entire term of the loan. also called Fixed-Rate Mortgage ...