Conventional loan · North Carolina
Conventional Mortgages in North Carolina
Fannie Mae and Freddie Mac conforming loans for NC buyers with strong credit. 30-year fixed, 15-year fixed, and ARM options.
Conventional loans are the backbone of the U.S. mortgage market — Fannie Mae and Freddie Mac conforming loans with strong rates for buyers with good credit and a steady income story. As an independent NC broker, Tom shops your conventional loan across multiple investors to find the best price.
Key features of Conventional loans
- 3% down for first-time buyers (Fannie HomeReady / Freddie Home Possible)
- 5% down standard, 20% down to avoid PMI
- 30-year fixed, 15-year fixed, and ARM options
- Conforming loan limits — higher for high-cost NC counties
- Best pricing typically goes to FICO 740+ borrowers
- Available for primary, second home, or investment property
Who this is ideal for
First-time buyers with W-2 income, move-up buyers with good credit, and borrowers who want the lowest mainstream rate.