Low Down Payment Options
Qualified buyers may be able to purchase with as little as 3% down.
Flexible Property Types
Available for primary residences, second homes, and investment properties.
Competitive Loan Structures
Fixed-rate and adjustable-rate options may be available depending on your goals.
Why borrowers choose conventional loans
Conventional financing is often a strong fit for buyers with solid credit, stable income, and a goal of keeping mortgage costs competitive over time.
Flexible down payment choices
Conventional loans can work well whether you are putting down a smaller amount or bringing more cash to closing.
Private mortgage insurance can be removed
If your loan includes mortgage insurance, it may be removable later once equity requirements are met.
Useful for many borrower types
These loans are commonly used by first-time buyers, repeat buyers, move-up buyers, and real estate investors.
Wide lender availability
Conventional loans are widely offered, which can create more flexibility when comparing options.
Who this loan may be a good fit for
Conventional financing may be worth considering if you want flexible property options and have a financial profile that supports competitive terms.
- Buyers with solid credit profiles
- Borrowers putting down 3% or more
- Primary residence buyers
- Second home buyers
- Real estate investors
- Homeowners exploring refinance options
What to expect
Every scenario is different, but here are a few common factors we review when helping you compare conventional options.
Credit profile
Credit score, payment history, and overall credit strength can all affect pricing and eligibility.
Down payment
Your down payment amount can influence monthly payment, mortgage insurance, and loan structure.
Property use
Loan terms may differ depending on whether the home will be your primary residence, second home, or investment property.
Income and assets
We look at income, employment, reserves, and overall financial strength to help match you with the best fit.
Conventional loan FAQs
What is a conventional loan?
A conventional loan is a mortgage that is not insured by a government program such as FHA, VA, or USDA.
How much do I need for a down payment?
Some conventional programs allow qualified buyers to purchase with as little as 3% down, but your exact options depend on the scenario.
Can conventional loans be used for investment properties?
Yes. Conventional financing can often be used for primary residences, second homes, and investment properties.
Does conventional financing always require mortgage insurance?
No. Mortgage insurance is generally tied to lower down payment situations. In some cases it may also be removable later.
Need help choosing the right state to start?
We can help you move forward clearly. Call us, text us, or complete our secure online mortgage application.