Jen Guidry > Conventional Loans

Conventional Loans

A conventional mortgage is a plain-vanilla home loan that’s ideal for borrowers with good or excellent credit. These can carry a fixed rate or carry an adjustable rate. They are offered through private banks and are not backed by government agencies such as the Federal Housing Administration and the Department of Veterans Affairs.

2021 Loan Limits

In 2021, the loan limit will increase from $510,400 to $548,250 when purchasing with conventional financing.*

As announced by the Federal Housing Finance Agency in 11/24/20: In most of the US, the 2021 maximum conforming loan limit (for one-unit properties) for mortgages to be acquired by Fannie Mae and Freddie Max will be $548,250, an increase from $510,400 in 2020.  This is not an offer of extension of credit or commitment to lend.  Al loans subject to program guidelines and final underwriting approval.  Not all applicants qualify. Information and pricing are subject to change any time and without notice.

Fixed Rate Mortgages (FRM)

The most common type of loan option, the traditional fixed-rate mortgage includes monthly payments of principal and interest will remain unchanged throughout the life of the loan.

Adjustable Rate Mortgages (ARM)

Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. 

Fannie Mae and Freddie Mac

Finding an affordable mortgage that works within your budget might not be as hard as you think. Today’s homebuyers and refinancers have many options to help them buy as well as maintain a home. Some of these options address needs like:

  • Low down payments are currently to qualified borrowers.
  • Renovations to give a home your personal touch; and
  • Energy-efficient upgrades to help keep more money in your pocket.

The key is to do some research and then find a mortgage professional who can help you decide on the best loan for your financial situation. Get started by considering these affordable mortgage options.

*This is not an offer for extension of credit or commitment to lend.  All loans are subject to program guidelines and final underwriting approval.  Not all applicants qualify.  Information and pricing are subject to change at any time and without notice.  The content in this advertisement is for informational purposes only. Please contact Jennifer for additional guidelines.

Our Team

Jennifer Guidry

Mortgage Loan Officer
NMLS 323935

Direct: 210-572-9171
Mobile: 210-838-3310
jen.guidry@thebankofsa.com

Ryan Fay

Mortgage Account Manager
NMLS 745670

Direct: 210-572-9176
Mobile: 210-394-4952
Ryan.fay@thebankofsa.com

Robert Meagher

Mortgage Loan Assistant
NMLS 996241

210-572-9177
teamguidry@thebankofsa.com

Mary Moore

Mortgage Loan Assistant
NMLS 1495240

210-572-9175
teamguidry@thebankofsa.com

Our Services

Need Help ?

Please feel free to contact us. We will get back to you with 1 business day. Or just call us now

 210-572-9171
  jen.guidry@thebankofsa.com

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