Home loans are a great way to get the house you've always wanted, but there is more than one type of mortgage available. Before applying for any type of loan be sure that it's right for your situation and financial goals! The conventional loan is a fairly standard type of mortgage that follows all the rules set by Freddie Mac and Fannie Mae. You can get either adjustable or fixed rates, with your maximum amount determined by where you live in America - it just depends on how much they're willing to give!

There are a lot of benefits to taking out a conventional loan, even if you're just looking for your first home. You'll need income and credit stability but with scores below 620, this option may be right up your alley!