Conventional Loan
A conventional home loan is a mortgage not insured or guaranteed by a government agency, typically requiring higher credit standards and a larger down payment compared to government-backed loans.
Conventional Loan
List of Services
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+ No Private Mortgage Insurance (PMI) required with a 20% down payment and cancellable
PMI for those below 20% down payment.
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+ Adjustable-rate, fixed-rate and jumbo and down-payment assistance** mortgage options
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+ Competitive interest rate options to explore
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+ Flexible mortgage insurance options
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+ Higher loan limits compared to some government-backed loan programs
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+ Fewer penalties and fees
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+ Second home purchase options
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+ Flexible loan terms
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+ Less strict appraisal and property requirements compared to FHA, VA, and USDA loans
General Framework Requirements
*A conventional loan’s minimum down payment can actually be as low as 3% in certain circumstances. **Eligibility subject to program stipulations, qualifying factors, applicable income and debt-to-income (DTI) restrictions, and property limits.
Interested in learning more about this loan program?
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