Conventional home loans are one of the most popular mortgage options for homebuyers. These loans are not backed by any government agency like the FHA or VA. Instead, they are offered by private lenders such as banks, credit unions, or mortgage companies and typically conform to the standards set by Fannie Mae and Freddie Mac.

One of the biggest advantages of conventional home loans is flexibility. Borrowers with strong credit scores and stable income can often secure lower interest rates compared to government-backed loans. These loans can be used for a primary residence, second home, or investment property, making them a versatile financing option.