Conforming loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac. These two stockholder-owned corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions, packages the mortgages into securities and sell the securities to investors. By doing so, Fannie Mae and Freddie Mac, like Ginnie Mae, provide a continuous flow of affordable funds for home financing that results in the availability of mortgage credit for American


The most important difference between a loan that conforms to Fannie Mae/Freddie Mac guidelines and one that doesn’t is its loan limit. Fannie Mae and Freddie Mac will purchase loans only up to a certain loan limit (currently $417,000). So, if your loan amount will be for more than the conforming loan limit of $417,000, you may be asked to pay a higher interest rate on your mortgage.

Zero Down Payment

These programs were designed for qualifying borrowers who want to maximize the leverage of their financing for the purchase of a home that will be their primary residence.

Jumbo Loans

Loans above the maximum loan amount established by Fannie Mae and Freddie Mac are known as ‘jumbo’ loans. Because jumbo loans are bought and sold on a much smaller scale, they often have a little higher interest rate than conforming, but the spread between the two varies with the economy.

Commercial Loans

We offer loans on all types of commercial properties.

For rate and term information please call (919) 862-1982.