Conventional Loan Programs
Conventional loan programs give borrowers many option for current homeowner and homebuyer. Fannie Mae® and Freddie Mac® were created by the Government to purchase these loans. Everyone from first time homebuyers to real estate investors can take advantage of the conventional loan programs. If you are looking for a 2nd home, investment property or a new primary residence then you should consider using a conventional loan. The wide range of refinance options give you the tools you need to lower payments, take cash out, change loan terms, pay off debt or make renovations.
Read through the following for a complete understanding of the Convetional Guidelines.
Minimum $75,000 Loan Amount
N/O/O limitations apply Approve/Eligible Required Minimum 620 Score, regardless of AUS findings
The links below let you check program eligibilty through interactive maps.
FHFA Loan Limit Map
Use this interactive map provided by Fannie Mae to check the loan limits in your area.SELECT
FHFA Loan Limit by County
This PDF will show you the Fannie Mae and Freddie Mac loan limits by County.SELECT
Freddie Mac Income and Property Eligibility
Check if your income and house qualify for the Freddie Mac Home Possible® Loan Program.SELECT
ReNew is dedicated to offering multiple different loan programs to meet our clients’ specific needs. Whether you are a first time home owner or you’re looking at buying another rental property, ReNew offers a variety of options to ensure our clients are getting the best service possible.GET PRICING
Conventional loans are good for everyone from first time home owners to real estate investors looking at rental properties.SELECT
FHA loans generally require a lower minimum down payment and lower credit scores than many conventional loans.SELECT
USDA loans don’t require a down payment and are a good option for homes in qualified rural areas.SELECT
VA loans don’t require a down payment and are a great option for military veterans, active duty, & all qualified servicemembers.SELECT
Conventional Loan Calculator
Use this calculator to estimate your monthly home loan payments if you use a fixed-rate conventional mortgage.
Home Purchase Calculator
Use this calculator to estimate your monthly payment, including principal, interest, taxes, insurance and PMI.
Use this calculator to estimate how much you can save by refinancing your loan to a lower rate or shorter term.
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Don’t take our word for it – here’s what our clients say:
I am happy to say that working with Renew Lending was an awesome experience in buying our new home. The process went smooth and answered all of our questions buying a house is difficult enough but working with the team at Renew Lending just made it so much easier. Thank you again Eduardo and team at Renew Lending! Thumbs up !!!
Renew Lending and team were amazing. They were able to rush through the whole process in record time. Doing everything online made the experience really easy. It’s a very streamlined system. Much better than working with a bank which priorities might be elsewhere. Renew Lending is specialized so it makes the process really easy. All automated, upload materials on the system and get a very personalized experience. I totally recommend Renew Lending and will keep using them for future purchases and refinances.
Renew Lending is undoubtedly the most professional and efficient lender I’ve ever worked with. They see bumps on the road long before you get there, and is able to handle anything that arises with professionalism and tact. My clients and I appreciate their hard work and dedication. Their attention to detail is superb. Loans can be quite daunting and scary but with Renew on our side, every deal is a great success! Thank you Renew for always treating my clients and I as if we are the only client you have. You’re the best!