Conventional loans typically follow guidelines set by Fannie Mae and Freddie Mac and are ideal for borrowers with stable income, good credit, and manageable debt levels. Down payment options can start as low as 3% for qualified buyers, while borrowers who put down 20% or more can avoid private mortgage insurance (PMI). Loan terms commonly include 15-year, 20-year, and 30-year fixed-rate options, as well as adjustable-rate programs.
This program rewards borrowers with strong credit and stable income by offering customizable loan terms, potential cost savings over time, and the ability to remove private mortgage insurance once equity is built.
Qualified borrowers often secure lower interest rates compared to other loan types.
Private mortgage insurance can typically be removed once you reach 20% equity.
Conventional loans offer a range of term options, allowing you to structure your mortgage around your financial goals.
Programs may allow as little as 3% down, depending on eligibility.
Finance primary homes, second homes, or investment properties.
Conventional loans often allow higher borrowing limits compared to FHA programs in many areas.
We understand that choosing the right mortgage comes with important questions. Our FAQ section is designed to provide straightforward, easy-to-understand answers about qualifications, down payments, credit requirements, loan terms, and the overall approval process.
This program rewards borrowers with strong credit and stable income by offering customizable loan terms, potential cost savings over time, and the ability to remove private mortgage insurance once equity is built.
Down payments can start as low as 3% for qualified buyers, but putting down 20% eliminates the need for PMI.
Yes. Once you reach 20% equity in your home, you can typically request PMI removal, subject to lender guidelines.
No. They can be used for primary homes, second homes, and investment properties.
It depends on your credit profile, financial goals, and down payment. Borrowers with stronger credit often benefit more from conventional financing.
Most conventional loans close within 21–30 days, depending on documentation and underwriting timelines.
