A conventional loan isn't backed by the government — it follows Fannie Mae and Freddie Mac standards. If your credit is solid, it's often the most flexible, lowest-cost path to homeownership.
Strong credit deserves strong terms. A conventional loan is the workhorse of American homebuying — government-free, widely available, and flexible on rate structure and loan purpose.
A conventional loan is not offered or secured by a government entity. Instead, most are guaranteed by Fannie Mae or Freddie Mac, two government-sponsored enterprises that set the underwriting standards. That gives lenders confidence to offer competitive rates and terms — and gives you a loan with no government red tape.
Your rate and payment stay consistent for the life of the loan — available in terms from 10 to 30 years. Predictable, and easy to refinance later if rates drop.
Save money if you'll be in the home only a few years. Common structures are 5/6, 7/6, and 10/6 — the first number is the years your rate stays fixed; the second is the months between adjustments after that.
Buy a home with as little as 3% down through HomeReady, Home Possible, or HomeOne — or a standard 5–20% down loan.
Rate-and-term or cash-out refinancing, plus student-loan cash-out and RefiNow / Refi Possible options.
HomeStyle and CHOICERenovation let you finance a fixer-upper's repairs into one mortgage.
One-time close, manufactured home, ADU, and land loans through CCM's in-house construction team.
Jimmy's tip: If you can comfortably hit 20% down, do the math on PMI vs. a smaller down payment — sometimes keeping cash in reserve and paying PMI is the smarter move.
Straight answers to the questions borrowers ask most. Your loan officer is always your best resource for your specific situation.
Jimmy will review your situation and point you to the right traditional loan — no jargon, no pressure.
Jimmy Nadeau Senior Loan Officer
CrossCountry Mortgage · Branch #3982 · Winter Park, FL
147 E Lyman Avenue, Suite D & C-1, Winter Park, FL 32789
NMLS #2102442
CrossCountry Mortgage, LLC · NMLS #1444822 · Equal Housing Lender
This page is for informational purposes and is not a commitment to lend. Program availability, guidelines, rates, and terms vary and are subject to change. Your rate may vary. Terms apply.