Conventional loans are a mortgage that is not guaranteed or secured by a government entity. Conventional mortgages are available through private lenders, such as banks, credit unions, & mortgage companies. Some mortgages can be guaranteed by two government-sponsored enterprises; Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). If you have a solid credit score and little debt it is recommended to begin the pre-qualification process for getting a mortgage with a conventional loan program. Conventional loans must stay within conforming loan limits (also see JUMBO LOANS).