Conventional mortgage loans are also known as a Fannie Mae or Freddie Mac loans. The guidelines and credit requirements are established by either Fannie Mae or Freddie Mac. Generally, the credit requirements for this program type are a bit more stringent than a government loan. These are the standard home loans but can be customized to fit your needs, ever thought of an 18-year mortgage? Or a low, down payment program that doesn’t include private mortgage insurance? There are hundreds of ways to utilize this program to fit you, not fit you in a box.