[quote=spdrun]”Conventional loan” is the term for a non-GSE loan, at least locally to me. They won’t lock 4% for 30 years, but they’ll lock 4-4.5% for 10 years, which is enough in my book.[/quote]
I think you misunderstood. A “conventional” loan is not FHA or VA, both of which will finance with (usually) lower down payments than conventional. Neither are GSE’s. They are government agencies. Conventional loans today are generally 20% down and don’t require PMI, though some lenders are free to make up their own rules. Most though not all conventional loans today are also conforming loans (“conforming” to the GSE requirements) if they’re below the conforming loan limits and meet the other requirements.
