{"id":93,"date":"2025-09-25T13:54:21","date_gmt":"2025-09-25T13:54:21","guid":{"rendered":"https:\/\/moonstonemortgage.free.nf\/?page_id=93"},"modified":"2025-12-15T16:45:00","modified_gmt":"2025-12-15T16:45:00","slug":"conventional-loans","status":"publish","type":"page","link":"https:\/\/moonstonemortgage.com\/?page_id=93","title":{"rendered":"CONVENTIONAL LOANS"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"93\" class=\"elementor elementor-93\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-79c8ca0 e-con-full e-flex e-con e-parent\" data-id=\"79c8ca0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f0479f1 elementor-widget elementor-widget-heading\" data-id=\"f0479f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conventional Loans<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-201de3c elementor-widget elementor-widget-button\" data-id=\"201de3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get Pre Approve<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-aef0ee7 e-flex e-con-boxed e-con e-parent\" data-id=\"aef0ee7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50a5ad1 elementor-widget elementor-widget-heading\" data-id=\"50a5ad1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are Conventional Loans?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b550ab1 elementor-widget elementor-widget-text-editor\" data-id=\"b550ab1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and\/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1493451 e-flex e-con-boxed e-con e-parent\" data-id=\"1493451\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b3f59b7 e-con-full e-flex e-con e-child\" data-id=\"b3f59b7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-1ba5040 e-con-full e-flex e-con e-child\" data-id=\"1ba5040\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-254b642 elementor-widget elementor-widget-image\" data-id=\"254b642\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/moonstonemortgage.com\/wp-content\/uploads\/2025\/12\/happy-couple-having-meeting-with-real-estate-agent-analyzing-blueprints-while-communicating-scaled-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-1026\" alt=\"\" srcset=\"https:\/\/moonstonemortgage.com\/wp-content\/uploads\/2025\/12\/happy-couple-having-meeting-with-real-estate-agent-analyzing-blueprints-while-communicating-scaled-1-1024x683.jpg 1024w, https:\/\/moonstonemortgage.com\/wp-content\/uploads\/2025\/12\/happy-couple-having-meeting-with-real-estate-agent-analyzing-blueprints-while-communicating-scaled-1-300x200.jpg 300w, https:\/\/moonstonemortgage.com\/wp-content\/uploads\/2025\/12\/happy-couple-having-meeting-with-real-estate-agent-analyzing-blueprints-while-communicating-scaled-1-768x512.jpg 768w, https:\/\/moonstonemortgage.com\/wp-content\/uploads\/2025\/12\/happy-couple-having-meeting-with-real-estate-agent-analyzing-blueprints-while-communicating-scaled-1-1536x1024.jpg 1536w, https:\/\/moonstonemortgage.com\/wp-content\/uploads\/2025\/12\/happy-couple-having-meeting-with-real-estate-agent-analyzing-blueprints-while-communicating-scaled-1-2048x1366.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1174640 e-con-full e-flex e-con e-child\" data-id=\"1174640\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1bbaf90 elementor-widget elementor-widget-heading\" data-id=\"1bbaf90\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Most Common Types of Conventional Loans<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e64aeeb elementor-widget elementor-widget-heading\" data-id=\"e64aeeb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Fixed Rate Mortgages: Your rate and payment never change.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf503b5 elementor-widget elementor-widget-text-editor\" data-id=\"bf503b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>30 Year Fixed Loan<\/strong><br \/><em>Benefits: Lowest fixed monthly payments<\/em><\/li><li><strong>20 Year Fixed Loan<\/strong><br \/><em>Benefits: Low fixed monthly payments<\/em><\/li><li><strong>15 Year Fixed Loan<\/strong><br \/><em>Benefits: Lower rate than the 30 or 20 Year Fixed Loans; Pay less interest and pay your home off more quickly.<\/em><\/li><li><strong>10 Year Fixed Loan<\/strong><br \/><em>Benefits: Lower rate; Pay off your loan and build equity faster.<\/em><\/li><li><strong>5 Year Fixed Loan<\/strong><br \/><em>Benefits: Lowest rate; Pay off your loan and build equity the fastest<\/em><\/li><li><p><strong>Adjustable Rate Mortgages:<\/strong>\u00a0After the initial period your interest rate can change once a year.<\/p><ul><li><strong>3\/1 ARM<\/strong><br \/><em>Fixed Rate for 3 Years, Adjustable Rate for the remaining 27 years<\/em><\/li><li><strong>5\/1 ARM<\/strong><br \/><em>Fixed Rate for 5 Years, Adjustable Rate for the remaining 25 years<\/em><\/li><li><strong>7\/1 ARM<\/strong><br \/><em>Fixed Rate for 7 Years, Adjustable Rate for the remaining 23 years<\/em><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ffeedd8 e-flex e-con-boxed e-con e-parent\" data-id=\"ffeedd8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f6e4fa9 e-con-full e-flex e-con e-child\" data-id=\"f6e4fa9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-8ee7315 e-con-full e-flex e-con e-child\" data-id=\"8ee7315\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-269e03b e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"269e03b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;animation&quot;:&quot;slideInUp&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e299109 elementor-widget elementor-widget-heading\" data-id=\"e299109\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What are the Conventional Down Payment Requirements?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db214e3 elementor-widget elementor-widget-text-editor\" data-id=\"db214e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For Purchase transactions Conventional Loans require the home-buyer to put down at least 5% &#8211; 20% of the purchase price of the home. For a Refinance transaction, most lenders require at least 10% equity in the property.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-662ab2b e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"662ab2b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;animation&quot;:&quot;slideInUp&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d5c6bcd elementor-widget elementor-widget-heading\" data-id=\"d5c6bcd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What types of property are eligible?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0dc7857 elementor-widget elementor-widget-text-editor\" data-id=\"0dc7857\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Most conventional loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments, and 1-4 family residences. A conventional loan can also be used to finance a primary residence, second home and investment property.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9497829 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"9497829\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;animation&quot;:&quot;slideInUp&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f8f0e4c elementor-widget elementor-widget-heading\" data-id=\"f8f0e4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Get Pre-approved for a Conventional Loan Today!<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bab361a elementor-widget elementor-widget-button\" data-id=\"bab361a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Start Your Pre-approved Now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Conventional Loans Get Pre Approve What are Conventional Loans? Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and\/or lower fees than other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-93","page","type-page","status-publish","hentry"],"_hostinger_reach_plugin_has_subscription_block":false,"_hostinger_reach_plugin_is_elementor":false,"_links":{"self":[{"href":"https:\/\/moonstonemortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/93","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moonstonemortgage.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/moonstonemortgage.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/moonstonemortgage.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moonstonemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93"}],"version-history":[{"count":28,"href":"https:\/\/moonstonemortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/93\/revisions"}],"predecessor-version":[{"id":1035,"href":"https:\/\/moonstonemortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/93\/revisions\/1035"}],"wp:attachment":[{"href":"https:\/\/moonstonemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}