A conventional loan is a mortgage loan that is not backed by a government entity like VA or FHA.
Is a Conventional Loan a Conforming Loan?
Conventional and Conforming loans are often grouped together because of the similarities. However, all conforming loans are conventional loans, but convetion loans don't have to be conforming loans.
What is the minimum Credit Score for a Conventional Loan?
Many lenders will set their own minimum credit score requirements, but a conforming loan can be approved with a minimum credit score of 620.
