Conventional mortgages are mortgage loans that are not guaranteed by the federal government. These loans include 30, 25, 15 and 10 year terms, adjustable and fixed rates, variable loan limits and payment options, and more. American Home Funding typically assembles “packages” of loans that are sold to investors worldwide on the secondary market, bringing new funds to be loaned to other borrowers. We also originate loans that will be held in an investor’s portfolio, giving us more underwriting flexibility and eliminating the appraisal standards of the Federal Housing Administration (FHA) and the Veterans Administration (VA).