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Conventional Loans for Coral Springs | Sunshine State Mortgage

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Sunshine State Mortgage
Conventional Loans for Coral Springs | Sunshine State Mortgage

Sunshine State Mortgage in Coral Springs offers a variety of loans, including conventional loans. Conventional loans are mortgages that are not insured by the government (like FHA, VA, or USDA loans), but they usually fulfil the lending requirements of Fannie Mae or Freddie Mac. The majority of traditional loans are provided by private lenders, who then sell them to Government Sponsored Entities (GSEs) Conventional loans typically have lower rates, terms, and/or fees than other types of loans, but they usually require a borrower to have good to excellent credit, manageable monthly debt obligations, a minimum down payment of 3%, and consistent monthly payments. Call 954-803-7678 for additional information.

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