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I am preparing to apply for a home loan. When contacting different mortgage companies for information, I was asked if I was interested in applying for a conventional home loan. I answered yes to this question, thinking that an unconventional mortgage was a mortgage for a second home or a multi-family unit. What is a conventional home loan? Others people are telling me it is a mortgage in which I would have to put down eighty percent of the home’s purchase price for a down payment.