Looking for a mortgage with competitive rates and flexible terms? Conventional loans offer low down payment options, no mortgage insurance with 20% down, and more lender choices. Whether you’re buying, refinancing, or investing, a conventional loan can be tailored to your needs. Get started today!
Conventional home loans are mortgages that are not insured or backed by the government, making them one of the most flexible and widely used financing options. With low down payment requirements, competitive interest rates, and fewer restrictions, they are ideal for buyers with strong credit.
Conventional loans are great for first-time and repeat buyers, those with good credit and stable income, and anyone looking for customizable loan terms. They also work well for homeowners refinancing for better rates or tapping into home equity.
A lender evaluates your credit score, income, and debt-to-income ratio to determine your eligibility. These loans can be fixed-rate or adjustable-rate and offer term lengths from ten to thirty years, giving you flexibility in repayment.
Conforming loans meet Fannie Mae and Freddie Mac guidelines and offer competitive rates. Non-conforming loans, such as jumbo loans, are designed for higher-priced homes that exceed standard loan limits. Fixed-rate loans provide stable payments with a locked-in interest rate, while adjustable-rate mortgages (ARMs) start with a lower initial rate and adjust over time.
Conventional loans allow down payments as low as three percent for qualified buyers. With a twenty percent down payment, private mortgage insurance is not required, reducing long-term costs. These loans offer competitive interest rates, flexible term options, and can be used for primary homes, second homes, and investment properties.
If you have good credit, stable income, and want lower long-term costs, a conventional loan could be your best option. Whether you’re buying a new home or refinancing, it offers more lender flexibility and fewer fees than government-backed loans.
We specialize in helping homebuyers and homeowners secure the best financing options. Whether you’re purchasing a home, refinancing, or investing, our team ensures you get competitive rates, expert guidance, and a smooth mortgage process.
With access to multiple lenders, we find the most favorable rates and terms for your financial needs. Our personalized loan solutions are tailored to fit your situation, whether you’re a first-time buyer, a homeowner looking to refinance, or an investor expanding your portfolio.
Fast approvals and a hassle-free mortgage process mean you can move into your new home sooner. We handle everything from application to closing, making the experience seamless and stress-free.
Our expert team is here to guide you every step of the way. From understanding loan options to securing the best financing, we make the mortgage process easy and transparent.
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Understand down payments, mortgage insurance and loan limits before comparing a conventional mortgage with other financing options.
A conventional mortgage is not insured or guaranteed by FHA, VA or USDA. Conforming conventional loans meet Fannie Mae or Freddie Mac requirements, including loan-size limits. Jumbo loans are generally conventional too, but exceed those limits. The lender still evaluates your income, debts, credit, assets and the property.
No. Low-down-payment conventional programs exist, including options with 3% down for eligible borrowers. The minimum depends on the program, occupancy and property type. A smaller down payment generally means mortgage insurance and a larger loan balance. Compare the full payment and upfront costs at several down-payment levels.
There is no single credit-score or debt-to-income threshold that applies to every conventional loan. Requirements depend on the lender, underwriting method and program. Some affordable lending programs also have income limits. Ask for the requirements of the specific product being considered rather than relying on a general advertised minimum.
For many eligible loans with borrower-paid PMI, you can request cancellation when the balance reaches 80% of the home’s original value, subject to payment history and other conditions. Automatic termination generally occurs at the scheduled 78% point if payments are current. Increased-value cancellation has separate rules; contact your servicer for the process.
For a one-unit property in most U.S. counties, the 2026 baseline conforming limit is $832,750. Limits can differ for higher-cost locations and properties with additional units. The limit applies to the loan amount, not the home’s purchase price. Check the FHFA county table for the property and the year of your transaction.
Yes, qualifying conventional programs can finance primary residences, second homes and investment properties. The intended use must be disclosed accurately. Investment properties and second homes have different requirements and pricing, and a property used primarily as a rental should not be described as a second home simply to seek better terms.
Compare offers using the same purchase price and planned down payment. Include upfront charges, monthly mortgage insurance, the rules for ending that insurance and the total payment. FHA insurance and conventional PMI work differently, so the lowest interest rate alone does not identify the least expensive option.
You can apply for refinancing, but a new approval is required. A jumbo loan may become eligible for conforming financing if the new loan amount fits the applicable limit and the borrower and property meet the program rules. Compare closing costs, remaining term and total interest before deciding.
Information checked September 6, 2026. Sources: CFPB: Types of mortgage loans · CFPB: PMI cancellation · FHFA: 2026 loan limits · CFPB: Comparing Loan Estimates.
