The Service Tree lists all services in "branched" groups, starting with the very general and moving to the very specific. Click on the name of any group name to see the sub-groups available within it. Click on a service code to see its details and the providers who offer that service.
Conventional Home Loans
Taxonomy Code: BH-3500.3400-160
Financial institutions that provide mortgages which are not guaranteed or insured by any government agency including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA), the Rural Housing Service (RHS) of the U.S. Department of Agriculture or the Department of Veterans Affairs (VA). Conventional loans can be fixed rate mortgages, adjustable rate mortgages, balloon mortgages, or hybrid loans; and require good credit, stable work history, acceptable cash balances and reasonable down payments (typically 20 to 25 percent). Most are 30-year fixed rate loans and meet the funding criteria of Fannie Mae and Freddie Mac, corporations created by the federal government that set the maximum loan amount and requirements for borrowers and buy and sell conventional mortgages.