Does a conventional loan require an appraisal?

As you all know that VA loans and FHA loans are such loans that are guaranteed by the government. But the government does not take guarantee a conventional loan. This is to be given to any loan lender at your own risk. Banks, credit unions, and other private institutions give this loan. These institutions check the credit score of the borrower, his annual income, and his credit history thoroughly before giving the loan, after that, they give the loan.

Today, in this article, we will discuss in detail what is a conventional loan in real estate and will answer all the questions related to it. We have given some of these questions below. Read more...