Conventional Loans
Follow standard lending guidelines and offer flexible terms, a popular option for qualified borrowers seeking competitive rates and customizable financing.
Conventional Loans Features
Low Down Payment Options
Qualified first-time buyers may put down as little as 3%.
Removable Mortgage Insurance
Private mortgage insurance can be removed once you reach sufficient equity, subject to guidelines.
Multiple Property Types
Available for primary residences, second homes and investment properties.
Fixed or Adjustable
Choose the term and rate structure that works for you.
Conventional Loans Benefits
- 01
Competitive Rates
Strong credit can help you secure attractive pricing.
- 02
Flexibility
A wide range of terms, property types and down payment options.
- 03
No Upfront Mortgage Insurance
Conventional loans don't carry an upfront government insurance fee.
- 04
Avoid PMI With 20% Down
Put 20% down to avoid private mortgage insurance altogether.
Loan Program Frequently Asked Questions
What is a conventional loan?
A mortgage that isn't insured or guaranteed by a government agency and typically follows Fannie Mae or Freddie Mac guidelines.
What credit score do I need?
Requirements vary by program; higher scores generally qualify for better pricing.
Do I need 20% down?
No. Down payments can be as low as 3% for some buyers, though less than 20% usually requires mortgage insurance.
Can I remove PMI later?
Yes, PMI can generally be removed once you reach sufficient equity, subject to lender requirements.