Conventional Mortgages

[Eugine]

Conventional mortgages are mortgage arrangements that meet the standards set in place by a government. In the United States, the terms and conditions that are associated with such mortgage options as Freddie Mac and Fannie Mae are examples of a conventional mortgage. Generally, a conventional mortgage will account for a high percentage of the mortgages that are granted in a given calendar year, often anywhere from a third to half of the total mortgages written during the period.