CONVENTIONAL MORTGAGES In The Carolinas & Florida

CONVENTIONAL MORTGAGES ARE ONE OF THE MOST COMMON HOME LOAN OPTIONS — BUT “COMMON” DOESN'T MEAN ONE-SIZE-FITS-ALL.

THE PRACTICAL MORTGAGE SOLUTION HELPS HOMEBUYERS EXPLORE CONVENTIONAL MORTGAGE LOAN OPTIONS ACROSS SOUTH CAROLINA, NORTH CAROLINA AND FLORIDA.  WHETHER YOU'RE BUYING YOUR FIRST HOME, MOVING, PURCHASING A SECOND HOME OR EXPLORING AN INVESTMENT PROPERTY, WE'LL HELP YOU FIND A LOAN OPTION THAT MAKES PRACTICAL SENSE FOR YOUR FINANCIAL PICTURE.

UNLIKE FHA, VA AND OTHER GOVERNMENT-BACKED LOANS, CONVENTIONAL MORTGAGES ARE NOT INSURED OR GUARANTEED BY A FEDERAL GOVERNMENT AGENCY.

CONFORMING VS. NON-CONFORMING LOANS. WHAT'S THE DIFFERENCE?

A CONFORMING CONVENTIONAL LOAN MEETS GUIDELINES USED BY FANNIE MAE AND FREDDIE MAC, INCLUDING REQUIREMENTS RELATED TO LOAN SIZE AND BORROWER QUALIFICATIONS.

FOR 2026, THE BASELINE CONFORMING LOAN LIMIT FOR A ONE-UNIT PROPERTY IS $832,750 IN MOST AREAS OF THE UNITED STATES. LOAN LIMITS MAY BE HIGHER IN DESIGNATED HIGH-COST AREAS AND CAN VARY BY COUNTY.

A NON-CONFORMING LOAN FALLS OUTSIDE THOSE GUIDELINES. JUMBO LOANS ARE ONE COMMON EXAMPLE OF NON-CONFORMING FINANCING.