Conventional mortgages are offered at 10, 15, 20, 25, and 30 year terms. There are a number of advantages to a conventional loan; these advantages include flexibility and lower costs. Also, conventional loans do not have up-front mortgage insurance premiums due.
There are few disadvantages. Conventional loans generally require a larger down payment (at least 20% to avoid mortgage insurance) and have stricter debt to income ratio requirements than the Government Programs. These loans may have monthly private mortgage insurance if certain loan-to-value ratios are exceeded.
If you are looking for a Cache Valley mortgage, conventional rates are the most competitive rates available when dealing with a well qualified borrower.