Conventional Loans
Traditional Mortgage Options
Traditional Mortgage Options
Conventional loans are traditional mortgages not insured or guaranteed by the federal government, offered by private lenders and conforming to Fannie Mae and Freddie Mac guidelines. They represent the most common type of home financing in the market.
These loans typically require higher credit scores (620+) and down payments ranging from 3% to 20%, with PMI required for down payments under 20%. Conventional loans offer competitive rates and flexible terms for qualified borrowers.
This option is ideal for borrowers with strong credit and stable income who want flexible loan terms and the ability to remove PMI once reaching 20% equity. Conventional loans provide the most loan options and competitive pricing for well-qualified applicants.