Conventional loans aren’t backed by a government agency — they follow guidelines set by Fannie Mae and Freddie Mac, which makes them widely available with flexible terms for buyers with solid credit and stable income.
Why buyers choose conventional
- Down payments as low as 3% for qualified first-time buyers
- No upfront mortgage insurance premium (unlike FHA)
- Mortgage insurance can be removed once you reach 20% equity
- Works for primary residences, second homes, and investment properties
- Flexible terms: 15, 20, or 30-year options
Is it right for you?
Conventional loans typically work best for buyers with credit scores of 620 or higher and reasonably stable, documentable income. If your credit needs some room to improve or your income doesn’t fit a standard W-2 mold, our FHA or Bank Statement Loan pages may be a better starting point.
We offer competitive rates on conventional financing.
