Conventional Loan

Conventional or conforming loans are the most competitive in the mortgage loan industry. To provide you with the most competitive interest rates, Superior Lending has partnered with the best wholesale lenders in the industry. Our aggressive pricing and flexible programs will ensure you get the mortgage program that's right for you. Any of our programs can be used to finance your primary residence, condominium, second home or investment property.

Conventional mortgage loan borrowers can also choose from a fixed or adjustable rate loan; many with an interest only option. Credit scores can be as low as 620 FICO.

If you are looking for 100% financing or any other type of loan that meets the conventional loan amount guideline, contact us for more information.

Conventional Loan Information

As of January 1, 2006, mortgage loans under $417,000 are defined as conventional or "conforming" loan amounts on single-family residences. The conventional loan amount is determined by Fannie Mae and Freddie Mac guidelines and varies in Alaska and Hawaii. In Alaska and Hawaii, the conventional loan amount is $625,500. Mortgage loans above $417,000 are considered to be Jumbo loans, with the exception of Alaska and Hawaii.