What kind of terms to expect for conventional loans?

[Breean Reyes]

I am currently checking around local banks to find out the way they finance rentals, and I am only being offered ARM or loans with a balloon payment, and getting them to finance for 20 years is even difficult, most of them are only offering 15 years. My question is: is this typical when financing conventional? I am also getting rates of between 5.19-5.39%