Conventional Home Loan

Conventional Mortgage Products Are Government Guaranteed And Offer Options That Other Loans Do Not.

Angel Oak’s conventional loan adheres to the GSE (Fannie Mae and Freddie Mac) guidelines that is insured by a private lender. These loans conform to the loan limits set by the Federal Housing Financing Agency.

  • Available for purchase and cash-out or rate-term refinance
  • Owner-occupied
    • Single family, townhomes, or condos
  • Primary, second home, and investment properties
  • Various down payment options available


Do all conventional loans require private mortgage insurance (PMI)?

Lenders will require private mortgage insurance, PMI, on conventional loans when a homebuyer is putting less than 20 percent down on a purchase property. A homebuyer may cancel PMI once they have 20 percent equity in their property.

Can a conventional loan be refinanced?

Yes, a conventional loan may be refinanced. When refinancing a conventional loan, PMI will be required if the loan to value of the property has less than 20 percent equity.

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