Conventional loans are the most popular mortgage type in the United States. Not insured or guaranteed by the federal government, they offer competitive rates and flexible terms for borrowers with good credit.
Why Choose a Conventional Loan?
- Competitive interest rates
- Flexible loan terms (15, 20, or 30 years)
- Low down payment options — as low as 3%
- No loan limits for conforming loans in most areas
- Drop PMI once you reach 20% equity
Who Qualifies?
Conventional loans typically require a minimum credit score of 620, though the best rates are available to borrowers with scores of 740 or higher.
Down Payment Options
- 3% down for first-time homebuyers
- 5% down for most purchases
- 20% down to avoid PMI
Contact us for a free consultation and we'll guide you through every step.