All Loan Programs
Conventional Loans
Conventional loans are the most common type of mortgage. They're not backed by the government, which often means stricter requirements but also more flexibility in terms and conditions.
Key Benefits
- Down payments as low as 3% for qualified buyers
- No upfront mortgage insurance premium
- PMI can be removed once you reach 20% equity
- Available for primary homes, second homes, and investment properties
- Flexible loan terms: 10, 15, 20, or 30 years
- Can be used for purchase or refinance
Requirements
- 1Minimum credit score of 620 (higher scores get better rates)
- 2Debt-to-income ratio typically below 43%
- 3Stable employment history (2+ years preferred)
- 4Down payment of 3-20% depending on loan type
- 5Private mortgage insurance required if down payment is less than 20%
Ideal For
Buyers with good to excellent credit
Those who can afford a larger down payment
Buyers purchasing higher-priced homes
Investment property purchases
Ready to get started?
Our loan officers are ready to help you find the best conventional loans option for your situation.
Questions? Call us:
(888) 777-3556