November 17, 2021

This is the regular Fannie Mae or Freddie Mac loan.
Maximum Loan Amount: $726,200 (with some exceptions)
Terms: The most common is 30 year fixed, followed by 15 year fixed, but almost any term is possible now.

Down-payment choices start at 3%, then 5%, then 10% with some benefits as down payment increases to each level. At 20% down, you can eliminate the PMI – Private Mortgage Insurance.