Conventional Loans

Home begins here with dedicated service from your team at The Federal Savings Bank!

Get Started

The Conventional Loan Process

How we take borrowers from home loan to welcome home

Step 1

Apply for a conventional loan

Step 2

Loan is approved and closed

Step 3

Pick up your keys!

Get Started With Your Conventional Loan

What are Conventional Loans?

Conventional home loans are loans that are not associated with government
programs. They can be conforming or non conforming. A conforming
conventional loan falls within the conforming loan limit for the area.

Conforming conventional loans can be guaranteed by Fannie Mae and Freddie
Mac, two government sponsored enterprises which guarantee most mortgages
in the United States.

Conventional Loans: Fixed Rate vs Adjustable Rat

Conventional Loans can come with fixed interest rates or adjustable interest
rates.

Fixed Rate: A fixed rate mortgage maintains a set interest rate over the life
of the loan. This can lead to more predictable monthly payments.
Adjustable-Rate Mortgage (ARM): An ARM will start with an
introductory interest rate (sometimes a lower rate than fixed options), but
that rate will change on regular intervals over the loan term. It can go up or down, making payments less predictable than a fixed rate mortgage.

Qualifying for Conventional Loans

When you apply for a conventional loan, The Federal Savings Bank will consider your financial profile, including: 

Your credit score and history
Your income
Your debt
Your ability to make a minimum down payment

Talk to your team to learn all the pieces you would need to qualify for
a conventional loan with The Federal Savings Bank!

Customer Reviews

This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

Home Begins Here

Reach out to our lending team to start your home ownership journey!

Get Started Today