For example, the terms of a conventional commercial loan can be limiting.
Once the families got the conventional loans, she would repay investors with interest of up to 18 percent.
Origination costs and interest rates should be about the same as for a conventional loan.
But the consumer will still have to remove the medical debt from the report in order for a conventional loan to be approved.
The homeowner pays $567 a month more than he would have paid with a conventional 30-year loan.
Foreclosures among the 26.4 million families with sound enough credit to get conventional loans are rare but growing.
This compares to 30 days or more for most conventional loans.
A permanent conventional loan cannot be issued for more than a house is worth.
Small business owners have a hard time getting conventional loans.
Borrowers typically pay two percentage points higher than they would for conventional loans.