Low Conforming Mortgage Rates Offered by American Financial Resources

AFR consistently has some of the best conforming mortgage rates available anywhere. Our streamlined, straightforward loan process, and knowledgeable, caring mortgage consultants set us apart from other mortgage lenders. Contact us at 800-316-9508 or request a quote using the form on this page to find out what today's conforming loan rates are.

What is a Conforming Home Loan?

A conforming loan is one which complies with the guidelines specified by Fannie Mae or Freddie Mac, government sponsored enterprises which purchase residential mortgages and sell them as mortgage backed securities. What is important to know as a borrower is that conforming loans are easier for your lender to sell on the secondary market, making them less risky and offered at a lower rate than non-conforming loans.

Conforming mortgage guidelines refer to all sorts of details about the loan including what percentage of a property's value can be borrowed, what percentage of a borrower's monthly income can be used to pay housing costs and other debts, how much money must be available in savings, what credit score is required, and what the maximum loan amount is, among many other factors. If your mortgage loan does not fit into the box outlined by the conforming guidelines, there are other programs available. For example, if you want to borrow more than the conforming loan limit ($417,000 for most areas of the country in 2010) you can take out a jumbo mortgage loan.

Get started online with American Financial Resources

Whether you are looking for a conforming mortgage, or a more unique home loan, American Financial Resources would love to be your mortgage lender. Get the process started by requesting a quote, submitting your information online, or if you would prefer to talk to us right away just pick up the phone and call 800-316-9508. We look forward to speaking with you!