Conventional Loan
A conventional mortgage is any loan not backed by a government program like FHA, VA, or USDA. Most conventional loans are sold to Fannie Mae or Freddie Mac, so they must meet those agencies' guidelines (conforming loans). Minimum down payment can be as low as 3% for first-time buyers (Conventional 97 program). Conventional loans typically require a credit score of 620+ and charge PMI if you put less than 20% down.
한국어
컨벤셔널 대출은 FHA·VA·USDA 같은 정부 프로그램이 아닌 일반 은행 대출입니다. 대부분 Fannie Mae 또는 Freddie Mac에 팔리기 때문에 그 기준을 따라야 해요. 최소 다운페이먼트는 3%(Conventional 97)까지 가능합니다.
日本語
通常のローン（コンベンショナル）は、FHA・VA・USDAなどの政府支援ではない住宅ローンです。ほとんどがファニーメイまたはフレディマックに売却されるため、その基準に従う必要があります。
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