Conventional Loans

Flexible and reliable financing for qualified homebuyers.

Conventional loans are the most common type of mortgage and are ideal for borrowers with stable income, good credit, and a down payment of at least 3-5%. Unlike government-backed loans, they are offered by private lenders and conform to the guidelines set by Fannie Mae and Freddie Mac.

Key Benefits of Conventional Loans

• Flexibility: Can be used for primary homes, second homes, or investment properties.
• Cancelable Mortgage Insurance: Private Mortgage Insurance (PMI) is required for down payments under 20%, but it can be canceled once you reach 20% equity.
• Variety of Terms: Choose from fixed-rate terms, commonly 15 or 30 years, to best suit your financial goals.

Who is a Good Candidate?

A conventional loan is an excellent choice if you have:

• A credit score of 620 or higher (higher scores receive better rates).
• A down payment of at least 3%.
• A stable employment and income history.