A conforming loan is a mortgage loan that follows or “conforms” to Fannie Mae and Freddie Mac established guidelines for the size of the loan and your particular financial situation.
A conforming loan is most commonly identified by its size, which generally is limited to $484,350 for single-family homes in the continental United States.
Fannie Mae and Freddie Mac are both Government Sponsored Enterprises, which means they’re backed by the U.S. government.
How much house can you afford? Find out with our Mortgage Calculator.
At one of our partner banks, a mortgage professional will answer any question you may have, and he or she will walk you through the loan application process.
Call us at (812) 615-0137 to get started.
Build With Reinbrecht Homes
If you have any questions about getting started on your new home, we’re here to help!
304 E. State Road 68
Haubstadt, IN 47639
Buildertrend gives you access to your homebuilding or remodeling project in real-time, with the ability to share selections, sign change orders electronically, and monitor progress with photos and a shared calendar.
© 2024 Reinbrecht Homes. All Rights Reserved. Privacy Policy.
