

For Your Residential Mortgage Solutions,
Call: (337) 264-9990
Hours of Operation: 8:30 a.m.–5:00 p.m. After hour appointments available upon request.
Copyright 2010. Universal Lending Services, Inc. All Rights Reserved.
A conventional loan is a mortgage that is not guaranteed or insured by any government agency. Conventional loans can have better interest rates than non-conventional loans and can be a great option for those with a 20 percent down payment. However, even if the borrower does not have a 20 percent down payment, it is still possible to get a mortgage. By putting less down and accepting a possibly higher interest rate, the borrower can still get financing through a non-conventional loan.