Conventional Loans
Flexible, popular financing for qualified buyers.
Conventional loans are the most common mortgage type in the U.S., backed by Fannie Mae and Freddie Mac. They offer flexible terms and the ability to drop mortgage insurance once you reach 20% equity.
Conventional Loans Highlights
First-time buyers may qualify with just 3% down.
Cancel private mortgage insurance once you reach 20% equity.
Use for primary, second home, or investment properties.
Choose from 10, 15, 20, or 30-year fixed and ARM options.
Best For
- Buyers with strong credit (typically 620+)
- Borrowers planning to put 5–20% down
- Investors and second-home buyers
General Requirements
- Minimum 620 credit score (higher scores get better pricing)
- Debt-to-income ratio typically under 45%
- Verifiable income and assets
- PMI required if down payment is under 20%
Frequently Asked Questions
Conventional loans aren't government-insured, often have stricter credit requirements, and let you drop mortgage insurance — FHA does not.
It varies by county. High-cost areas can support conforming balances well above the national baseline. We'll confirm yours during pre-approval.
Explore Other Loan Programs
Low down payment, flexible credit guidelines.
Zero down for those who served.
Financing above conforming limits, simplified.
Investor financing based on rental income, not personal income.
Self-employed financing using deposits — not tax returns.
Lower your rate, tap equity, or change terms.
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