Loan Programs
Conventional
Conventional loans are the most common type of mortgage, not backed by a government agency and conforming to Fannie Mae or Freddie Mac guidelines. They offer flexibility for buyers with solid credit and can require as little as 3% down.
Key benefits
- Down payments as low as 3% for qualified buyers
- Private mortgage insurance (PMI) can be removed once you reach 20% equity
- Fewer overlays and a streamlined process for strong credit profiles
- Available for primary homes, second homes, and investment properties
What you'll need
- Typically a 620+ credit score (higher scores earn better terms)
- Debt-to-income ratio generally within agency limits
- Documented, stable income and assets
Best for
Buyers with good credit who want flexible terms and the ability to drop mortgage insurance over time.
This is an estimate for educational purposes only, not a commitment to lend or an offer of credit. Actual rates, payments, and costs depend on your credit, income, property, and loan program.