top of page
Key Highlights
The Benefits
Low Down Payments
Eligible options starting as low as 3%.
Competitive Interest Rates
Great rates for qualified borrowers.
Flexible Property Types
Finance primary, second, or investment homes.
What's Required
Credit Qualification
Minimum credit standards apply.
Stable Income
Income and employment are verified.
Mortgage Insurance
May be required with low down payments.
The Ins & Outs
How it Works
A Conventional loan is one of the most popular mortgage options for homebuyers and homeowners. Backed by Fannie Mae and Freddie Mac guidelines, these loans offer competitive interest rates, flexible loan terms, and a variety of down payment options for qualified borrowers.
Conventional loans are available for primary residences, second homes, and investment properties, making them a versatile financing solution for many buyers.
Example Scenario
A first-time homebuyer with good credit and stable employment is purchasing a primary residence. A Conventional loan provides competitive financing with a low down payment and flexible repayment options.
What is a Conventional loan?
A Conventional loan is a mortgage that follows Fannie Mae and Freddie Mac guidelines and is one of the most common financing options for homebuyers.
Who qualifies for a Conventional loan?
Conventional loans are available to eligible borrowers who meet the lender's credit, income, asset, and property requirements.
How much do I need for a down payment?
Eligible buyers may qualify with down payments starting as low as 3%, depending on the loan program and borrower qualifications.
Is mortgage insurance required?
Mortgage insurance is generally required when the down payment is less than 20% but may be removed once eligibility requirements are met.
What can I buy with a Conventional loan?
Conventional loans can be used to finance eligible primary residences, second homes, and investment properties.
bottom of page