Conventional

About Conventional Loans 

At David Blatt Mortgage, we are committed to helping you find the best mortgage solutions to meet your needs. One of the most popular options we offer is the conventional loan, a flexible and versatile choice for many homebuyers.

What is a Conventional Loan?

A conventional loan is a type of mortgage that is not insured or guaranteed by the government. Instead, it is backed by private lenders, and its terms are set by the lender and the borrower. Conventional loans can be either conforming (meeting the guidelines set by Fannie Mae and Freddie Mac) or non-conforming.

Benefits of Conventional Loans

• Competitive Interest Rates: Conventional loans often offer lower interest rates, especially for borrowers with strong credit.
• Flexible Terms: Choose from a variety of loan terms, including fixed-rate and adjustable-rate options, to suit your financial situation.
• No Private Mortgage Insurance (PMI) with 20% Down: Avoid paying PMI by making a down payment of at least 20%.
• Higher Loan Limits: Conventional loans can offer higher loan limits than some government-backed loans, making them ideal for higher-priced properties.
• Wide Range of Property Types: Use a conventional loan to purchase a primary residence, second home, or investment property.

Why Choose David Blatt Mortgage?

At David Blatt Mortgage, we pride ourselves on delivering personalized service and expert guidance throughout the mortgage process. With years of experience, David Blatt and his team are dedicated to helping you find the best loan options tailored to your unique needs and goals.