CONVENTIONAL LOANS
Flexible financing with competitive rates, low down payment options, and loan solutions designed for first-time buyers, repeat buyers, and homeowners looking to refinance.
What Is a Conventional Loan?
A conventional mortgage is one of the most popular home loan options in the United States. Unlike FHA, VA, or USDA loans, Conventional loans are not backed by a government agency. Instead, they follow guidelines established by Fannie Mae and Freddie Mac.
Because of their flexibility and competitive interest rates, conventional loans are an excellent choice for many buyers. Depending on your financial situation, you may qualify with a down payment as low as 3%, and you’ll have access to a variety of loan terms and property options.
Best For
First-time & repeat buyers
Down Payment
As low as 3% (for qualified borrowers)
Loan Terms
10, 15, 20 & 30 years
Property Terms
Primary, second homes & investment properties
Conventional Loan Benefits
Competitive Rates
Competitive pricing for qualified borrowers.
Low Down Payment
As little as 3% down for qualified borrowers.
Lower PMI
May cost less than some government loan programs.
Flexible Terms
Choose from fixed or adjustable-rate mortgage.
Higher Limits
Finance higher priced homes where available.
Property Options
Primary, vacation, and investment properties.
Is a Conventional Loan Right for You?
Conventional mortgages are one of the most flexible loan options available. They can be a great fit for a wide range of homebuyers.
First-Time Buyers
Low down payment options and flexible financing can help make buying your first home more affordable.
Repeat Buyers
Whether you’re upsizing or downsizing, conventional loans provide flexible financing for your next move.
Growing Families
Purchase a home with more space for your changing needs while enjoying competitive loan options.
Vacation & Second Homes
Finance a vacation or seasonal property with conventional mortgage options designed for qualified buyers.
Investment Properties
Expand your real estate portfolio with financing for rental and investment homes.
Well-Qualified Buyers
Qualified borrowers with strong credit profiles may benefit from competitive interest rates and financing options.
Refinancing
Replace your current mortgage with one that better fits your financial goals or changing needs.
Need Help Choosing?
Our experienced mortgage advisors will compare your options and help you choose the right loan.
Conventional Loans vs. FHA Loans
Compare the most common mortgage options to see which loan may be the best fit for your financial goals.
Conventional
Down payments as low as 3% (qualified buyers)
PMI may be removable when eligible
Often better for stronger credit
Great for many property types
FHA
3.5% minimum down
Mortgage insurance rules differ
More flexible credit guidelines
Popular with first-time buyers
Still not sure?
We’ll compare Conventional, FHA, VA, USDA, and Jumbo loan options to help you choose the best mortgage.
Your Home Loan Journey
We’ll guide you through every step-from your first conversation to the day you receive your keys.
Step 1
Consultation
Talk With Our Team
Schedule a free consultation where we’ll discuss your goals, answer your questions, and explain your financing options.
30 Minutes
Step 2
Get Pre-Approved
We’ll review your income, assets, and credit to determine how much home you can comfortably afford.
Know your budget
Strengthen your offer
Shop with confidence
1-3 Days
Step 3
Find Your Home
Work with your realtor to find the perfect home while we stay ready to update your pre-approval if needed.
Varies
Step 4
Make an Offer
Once your offer is accepted, we’ll begin finalizing your loan and collecting any remaining documentation.
1 Day
Step 5
Loan Processing & Underwriting
Our team coordinates the appraisal, verifies documentation, and works with underwriting to prepare your loan for closing.
We’ll keep you informed every step of the way so there are no surprises.
2-4 Weeks
Step 6
Closing Day
Sign your final paperwork, receive your keys, and celebrate becoming a homeowner!
1 Hour
What You Can Expect From Us
From consultation through closing, our experienced mortgage team is here to guide you every step of the way.
Personalized loan recommendations
Guidance from application to closing
Clear communication throughout the process
Fast response times
Dedicated local loan experts
Competitive loan options tailored to your needs
Still Have Questions?
Buying a home is a big decision, and we’re here to help. Whether you’re purchasing your first home, upgrading, or refinancing, our experienced mortgage team will walk you through every step of the process.
FREQUENTLY ASKED QUESTIONS
A conventional loan is a mortgage that is not insured or guaranteed by the federal government. These loans typically follow guidelines set by Fannie Mae and Freddie Mac and can offer competitive interest rates and flexible loan terms for qualified borrowers.
Qualified buyers may be able to purchase a home with as little as 3% down, although the required down payment depends on factors such as your credit profile, loan amount, and the property you’re purchasing.
While every situation is different, many conventional loans require a credit score of 620 or higher. A higher credit score may help you qualify for better interest rates and lower monthly payments.
Yes. If your conventional loan requires PMI because your down payment is less than 20%, you may be able to remove it once you have sufficient equity in your home and meet your lender’s requirements.
Yes. Conventional loans can be used to finance primary residences, second homes, vacation homes, and many investment properties, depending on qualification requirements.
No. Conventional loans are a popular choice for both first-time homebuyers and experienced homeowners. They’re also commonly used for refinancing.
Conventional loans often offer lower overall borrowing costs for buyers with stronger credit and may allow mortgage insurance to be removed later. FHA loans generally have more flexible qualification requirements and are popular with first-time homebuyers.
In many cases, yes. Gift funds from eligible family members or other approved sources may be used toward your down payment or closing costs, depending on the loan guidelines.
Yes. Conventional loans are available with both fixed-rate and adjustable-rate (ARM) options, allowing you to choose the loan that best fits your financial goals.
Every transaction is different, but many conventional loans close within 30–45 days. We’ll keep you updated throughout the process and work to ensure everything stays on track.
Common documents include:
- Government-issued photo ID
- Recent pay stubs
- W-2s or tax returns
- Bank statements
- Information about your assets and debts
We’ll let you know exactly what is needed for your situation.
The first step is scheduling a consultation or getting pre-approved. We’ll review your financial goals, explain your loan options, and help you determine which mortgage program is the best fit for you.