trimmed staff at its alt-A/conventional mortgage affiliate

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What Is an ALT Mortgage? – Budgeting Money – An Alt, or Alt-A, mortgage is a type of mortgage loan in which the borrower’s credit score falls short of what mortgage lenders would consider as prime, but is not so low as to be considered subprime. Alt-A mortgages are defined in different ways by different lenders. The term is primarily used when lenders repackage.

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Florida Conventional Mortgage Loans at Low Rates – Apply. – Conventional mortgages are available for loan amounts greater than the county loan limit (or limits set by the FHA, VA, or USDA). Types of Conventional Loans: Conventional Conforming Loans – Mortgage loans that conform to Fannie Mae and/or Freddie Mac guidelines, including Florida county loan limits starting at $484,350.