Buying or refinancing

Conventional Loans

A conventional mortgage can support a home purchase or refinance. Compare the loan structure, property requirements, and total costs with your goals in mind.

Talk with a loan officer Explore the details

Family standing together outside their home

Understand your options

How the options work.

Conforming and jumbo options

Conforming loans meet applicable Fannie Mae or Freddie Mac guidelines and loan limits. Jumbo and other non-conforming loans follow different lender or investor standards. Current limits depend on the year and property location.

Fixed or adjustable rates

A fixed-rate loan keeps its interest rate and scheduled principal-and-interest payment stable. Taxes, insurance, and other charges can change. An adjustable-rate mortgage can have future rate and payment changes under its agreement.

Prepare for the conversation

What to review together.

Review income, assets, credit history, debts, and the funds needed for closing.
Confirm whether the property will be your primary residence, second home, or an investment; requirements differ.
Ask how the down payment, mortgage insurance, loan amount, and rate structure affect your costs.

Common questions

A little more clarity.

General information can help you prepare. Your loan officer can explain the requirements for your particular property, finances, and program.

Does conventional financing always mean a fixed rate?

No. Conventional mortgages can have fixed or adjustable interest rates, depending on the available program. Review both the initial payment and how it could change.

Can conventional financing be used for an investment property?

Some conventional programs permit investment properties or second homes. Property type, occupancy, down payment, reserves, pricing, and other underwriting standards differ from those for a primary home.

How do I know which loan amount category applies?

Ask your loan officer to check current conforming limits for the property’s county and number of units, then compare any eligible conforming and non-conforming options. A larger loan amount does not establish eligibility by itself.

Mortgage lending, made personal.

Let’s talk about your next step.

Share your goals with an East Coast Capital mortgage professional. We can review available options and explain what comes next.

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Educational information only; not a rate quote, loan approval, or commitment to lend. Program availability, eligibility, rates, fees, and terms depend on underwriting, property, and state availability. Your situation may require different documentation or disclosures. East Coast Capital is not affiliated with or endorsed by HUD, FHA, VA, or another government agency. NMLS ID #1403.