Traditional Loans

Conventional Loans

Conventional loans are any type of creditor agreement that is not financed through the Veterans Administration (VA) or supported by the Federal Housing Administration (FHA). Generally, all conventional loans are protected by government-sponsored entities like Fannie Mae (FNMA) and Freddie Mac (FHLMC). 

There are two different types of conventional loans: conforming and non-conforming. Conforming loans must meet the guidelines set by Fannie Mae and Freddie Mac. Any loan that doesn’t meet their guidelines is considered a non-conforming loan. 

  • Lower Fees: Conventional loans usually have lower fees compared to other loan products because the lender sets the rate.  
  • Interest Rates: The lender determines the rates offered to borrowers based on their credit score. A person with a great credit score is usually able to secure a lower rate. 

Jumbo Loans 

A jumbo loan is a type of loan in which the amount borrowed is more than the limit set by Fannie Mae (FNMA) & Freddie Mac (FHLMC). A loan amount greater than $548,250 would be considered a jumbo loan. 


  • Ability to finance a home that’s over the maximum loan amount of $548,250 established by government-sponsored entities. 
  • Let a borrower purchase “more house” 
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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 ( 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.