What types of property are eligible. Depending on the specific program, conventional southern cash loans guidelines allow you to purchase warrantable condos, planned unit developments, modular homes, manufactured homes, and 1-4 family residences.
Conventional loans can be used to finance primary residences, second homes and investment property too. Conventional Loan Limits. The maximum conventional conforming loan amount is 453,100 across most of the U. for single-family homes. Conventional loan limits are based on local home values and can vary depending on the area. What is the maximum amount that I can borrow. The maximum mortgage amount for conventional mortgage loans are determined by a couple factors.
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In some cases, you may be given southern cash loans option of obtaining a loan from a tribal lender.