Georgui Kasaev
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Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which s
A conventional mortgage is one of the most common ways to finance a home purchase, but many buyers do not fully understand how it works or how it compares to government-backed loan programs.
In this video, we break down what a conventional loan is, how it is structured, and what buyers should know before applying.
A conventional mortgage is a home loan issued by a private lender and is not insured or guaranteed by a government agency such as FHA, VA, or USDA. Instead, these loans follow underwriting standards set by Fannie Mae and Freddie Mac when they are considered conforming loans.
Conventional loans are widely used by buyers with stable income, steady employment history, and moderate to strong credit profiles. Many lenders look for a credit score around 620 or higher, with better credit typically resulting in more favorable interest rates and loan terms.
Down payments can be as low as 3 to 5 percent depending on the program, although many buyers associate conventional loans with the traditional 20 percent down payment. If the down payment is below 20 percent, private mortgage insurance (PMI) is usually required. PMI may later be removed once enough equity is built, reducing monthly payments.
These loans can be used for primary residences, second homes, and investment properties, making them a flexible option for different real estate strategies.
Loan limits are set annually by the Federal Housing Finance Agency (FHFA). Loans above those limits are considered jumbo loans with different qualification standards.
Buyers can choose between fixed-rate mortgages for long-term payment stability or adjustable-rate mortgages for potentially lower initial payments that may change over time.
📍 Serving buyers across Athens, Georgia, Watkinsville, Oconee County, Jefferson, Bogart, and surrounding Northeast Georgia areas.
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