A conventional mortgage is a type of home loan that follows the standards and guidelines set by banks without any government backing or insurance. Full definition
First time buyers are often cash - challenged; they may not have enough cash for covering a 20 percent down payment and closing costs as required for conventional mortgage loans. (fhaloanpros.com)
There is only one type of mortgage insurance for conventional mortgage loans, called Private Mortgage Insurance. (creditdonkey.com)
You should remember that, as with conventional mortgages, reverse mortgages come in different flavors. (debt.org)