CONVENTIONAL

Conventional Loan 97 is a conventional mortgage that is provided by Fannie Mae. It is a Conventional Loan With a 3 percent down payment. This loan enables you to have a loan-to-value ratio of about high as 97%. For example, if you are going to buy a house with a $100,000 asking price, you can lend about $97,000, and you can place a $3,000 down payment. So, if you don't have enough money in hand, you can still buy your dream home... A conventional loan or conventional mortgage is a mortgage loan type that is not guaranteed or insured by the government. It is supported by private lenders like credit unions, banks, and mortgage companies so that you can have more flexibility. Meanwhile, you will pay for its insurance.