Conventional mortgages are not insured or guaranteed by the federal government (neither a VA nor FHA loan). Conventional mortgages adhere to guidelines set by Fannie Mae and Freddie Mac and may have a fixed interest rate or an adjustable interest rate. While not included in the definition, a reference to a “conventional mortgage” usually means a 15- or 30-year fixed-rate mortgage made by a conventional or traditional bank lender.

Kiavi Becomes First Private Lender to Fund 100,000 Loans to Real Estate Investors
Tech-enabled lender’s milestone underscores the power of data and technology to help investors...
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