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Conventional Loans
Traditional mortgage financing with competitive rates, flexible terms, and down payments as low as 3% for qualified borrowers.
Why Choose a Conventional Loan?
Conventional loans are the most popular mortgage option in America. They offer flexibility in terms, competitive interest rates, and are available for primary residences, second homes, and investment properties. Unlike government-backed loans, conventional loans are not insured by a federal agency, which often means more favorable terms for borrowers with strong credit.
Key Benefits
- Down payments as low as 3% for first-time buyers
- No upfront mortgage insurance premium
- PMI can be removed once you reach 20% equity
- Available for primary homes, second homes, and investment properties
- Fixed-rate and adjustable-rate options available
- Loan amounts up to conforming limits ($766,550 in most areas)
- Competitive interest rates for borrowers with good credit
Requirements
Credit Score
620+ (680+ for best rates)
Down Payment
As low as 3%
Debt-to-Income
Up to 45%
Loan Terms
15, 20, or 30 years
Ready To Get Started?
Take the first step toward your dream home. Get pre-approved today and find out what you qualify for.