A conventional loan is a mortgage not insured or guaranteed by the federal government but follows the guidelines of Fannie Mae and Freddie Mac. These loans can be either conforming or non-conforming. Conforming loans follow Fannie Mae and Freddie Mac’s guidelines, including a maximum loan limit of $766,550 for a single-family home (higher limits apply for multi-family properties).

If you’re looking for Western North Carolina home loans, including Asheville home loans or Hendersonville home loans, a conventional loan might be a suitable option. Whether you’re in need of an Asheville mortgage or a Hendersonville NC mortgage, conventional loans offer a flexible solution for financing. For those considering mortgages in North Carolina, a conventional loan can help you secure the home or investment property you’re looking for.