Conventional loans
Competitive financing for strong credit profiles
Conventional loans are not insured by the government. They offer a wide range of terms, flexible down payments and mortgage insurance you can eventually remove.
- Down payment
- From 3%
- Credit score
- From 620*
- Property use
- Home, second home, investment
- Terms
- 10 to 30 years
How Conventional financing works
Conventional loans are the most common type of mortgage. They work for primary homes, second homes and investment properties, and you can choose a fixed rate for stability or an adjustable rate for a lower starting payment.
With a down payment of 20% you avoid private mortgage insurance (PMI) altogether. With less, PMI is required but can be removed once you build enough equity.
Key benefits
- Down payments from 3% for qualified buyers
- Private mortgage insurance can be cancelled
- Fixed-rate and adjustable-rate options
- Choose a term from 10 to 30 years
- Use for a primary residence, second home or rental
- Often the lowest overall cost for borrowers with good credit
What you need to qualify
- Typical minimum credit score of 620; higher scores earn better pricing
- Stable income and a manageable debt-to-income ratio
- Documented savings for down payment and reserves
- Loan amounts within conforming limits, which change each year
- An appraisal of the property
*Requirements vary by lender and situation.
Who this loan is best for
Want to know more? I would be honored to assist you in achieving your goals.
ConnectOrder CreditApply NowThe process, step by step
- 1
Review your finances
We look at income, credit and savings together.
- 2
Pick your structure
Choose a rate type and term that fits your plan.
- 3
Get pre-approved
Lock in your budget before you shop.
- 4
Appraisal and underwriting
We verify the home and your documents.
- 5
Close
Sign your documents and start your next chapter.