Definitions for "Conventional Mortgage Loan"
a mortgage loan granted by a bank that is based solely on real estate as security and is not insured or guaranteed by a government agency.
A home mortgage loan, with the exception of government loans such as FHA and VA, secured by investors. Both fixed rate and adjustable rate loans are available with conventional financing.
A mortgage loan which is not insured by FHA or guaranteed by VA.
A first mortgage where the amount can not be more than 75% of the appraised property value.