Conventional
Reliable home financing with flexible terms
Secure predictable monthly payments and build equity faster with our flexible conventional loan options.
The traditional choice for homeownership
Conventional loans are ideal for borrowers with solid credit and stable income. These non-government-backed mortgages offer flexibility and favorable terms for those who want an affordable down payment.
Conventional benefits
- Down payments as low as 3% helping you become a homeowner sooner
- No upfront mortgage insurance premium unlike FHA loans
- PMI is cancellable once you reach 20% equity saving you money over time
- Higher loan limits compared to some government-backed programs
- More property type options including primary residences, second homes, and investments
- Flexible term options from 10 to 30 years to match your financial goals
Eligibility requirements
- Credit score of 620 or higher with better rates for scores above 740
- Stable employment history with consistent income for at least two years
- Debt-to-income ratio typically not exceeding 45%
- Down payment of at least 3% with better terms for 20% or more
- Cash reserves sufficient to cover at least two months of mortgage payments
- No recent bankruptcies, foreclosures, or significant delinquencies