(318) 561-8020

Conventional Loan

A conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate.

 

Mortgages can be defined as either government-backed or conventional. Government agencies like the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) insure home loans, which are made by private lenders. This insurance is paid for by fees collected from mortgage borrowers. The US Department of Agriculture (USDA) loans money to lower-income borrowers through its Direct Housing Program. It also guarantees loans made by private lenders through its Guaranteed Housing Loans program. This backing is paid for by borrowers.

Other Loans

Conventional

203K

Veterans Affairs

Federal Housing Administration

USDA

Renovation

Address

1412 Peterman Dr, Alexandria, LA 71301

Contact Us

(318) 561-8020

Hours

Mon – Fri:

9am – 5pm

Email Us

info@magnoliastate.biz