Flexible Financing for Homebuyers
 

Conventional loans are one of the most popular mortgage options available. They offer flexible down payments, competitive rates, and financing options for borrowers with a variety of goals.
 

Whether you're buying your first home, moving up, purchasing a second home, or investing, conventional financing may be a great fit.

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What Is a Conventional Loan?
 

A conventional loan is a mortgage that is not insured or guaranteed by a government agency. Many conventional loans follow guidelines established by Fannie Mae and Freddie Mac.
 

Unlike FHA loans, conventional financing can be used for primary residences, second homes, and investment properties, depending on the program and qualifications.

 
Key Benefits
 

Low Down Payment Options
Qualified borrowers may be able to purchase with as little as 3% down on certain conventional programs.
 

Potentially Lower Mortgage Insurance
If you put less than 20% down, private mortgage insurance (PMI) may apply. Unlike FHA mortgage insurance, conventional PMI can generally be removed once certain requirements are met.

Competitive Rates
Borrowers with strong credit and financial profiles may qualify for competitive interest rates.

Flexible Property Options

Conventional loans can finance primary residences, second homes, and eligible investment properties.

 
Conventional vs. FHA
 

Conventional may be a good fit if you:
 

• Have stronger credit

• Want a low down payment

• Want the potential to remove mortgage insurance

• Are purchasing a primary, second, or investment property
   

FHA may be a better fit if you:
 

• Have a lower credit score

• Need more flexible qualification guidelines

• Want to explore FHA's 3.5% down option
   

The best loan depends on your individual financial situation.

 

Ready to Explore Your Options?
 

We'll review your credit, income, assets, down payment, and goals to help determine whether conventional financing, or another loan program, is right for you.
 

Get Pre-Qualified
 

Loan programs, rates, terms, loan limits, mortgage insurance requirements, and qualifying criteria are subject to change. Not all borrowers will qualify. Additional restrictions and lender requirements may apply.