Home / Loan Programs / Conventional Loans
LOAN PROGRAMS
Conventional Loans
A flexible, widely-used loan for buyers with steady income and solid credit — often a strong fit for well-qualified borrowers.
Conventional at a glance
Down payment: As low as 3–5%
Credit: Good+
Mortgage insurance: Removable
Property: Primary · 2nd · investment
WHAT IT IS
The most common path to a competitive mortgage
A conventional loan isn't backed by a government agency — instead it follows guidelines set by Fannie Mae and Freddie Mac. For buyers with solid credit, it's often the route to the strongest terms.
It's versatile, too: you can use it for a primary home, a second home, or an investment property. I'll help you weigh it against FHA so you pick the one that actually costs you less over time.
If your down payment is under 20%, private mortgage insurance (PMI) applies — but unlike FHA, conventional PMI can typically be removed as you build equity.
Conventional may be a great fit if you…
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Have solid credit
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Want mortgage insurance you can remove later
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Have a down payment around 3–5%+
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Are buying a primary, second, or investment property
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Want competitive long-term terms.
Flexible down payment
As low as 3–5% for eligible buyers.
PMI can be removed
Drop mortgage insurance as equity grows.
WHY BUYERS CHOOSE CONVENTIONAL
The highlights
Versatile use
Primary, second home, or investment.
Strong terms
Often a strong fit for buyers with good credit.
WHAT YOU'LL NEED
A typical starting checklist
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Recent pay stubs & W-2s (or returns if self-employed)
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Recent bank statements
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Photo ID & Social Security number
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Authorization to review your credit
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Down payment & reserve details
Every file is different — I'll send you a personalized list so nothing slows you down.
HOW IT WORKS
From hello to keys
1
Quick consult
We talk through your goals and see if it fits.
2
Get pre-approved
Know your real budget before you shop.
3
Shop with confidence
With your pre-approval in hand, you're ready to make strong offers when you find the right home.
4
Close with confidence
I guide you through underwriting to the finish line.
GOOD TO KNOW
Conventional questions, answered
How much down payment do I need?
For eligible buyers, as little as 3–5% — we'll calculate your specific numbers together.
Will I pay mortgage insurance?
If you put down less than 20%, PMI applies. Unlike FHA, conventional PMI can usually be removed once you reach about 20% equity.
How is this different from FHA?
Conventional generally rewards stronger credit and lets you shed mortgage insurance later; FHA is more flexible on credit. I'll compare both for you.
Can I use it for an investment property?
Yes — conventional financing is available for investment properties, with terms that differ from primary homes.
Conventional loans may require private mortgage insurance (PMI) when the down payment is under 20%; PMI may be removable as equity grows. Conforming loan limits apply and are set annually. This is not a commitment to lend. All loans are subject to underwriting and credit approval; not all applicants qualify. All loans subject to approval. Equal Housing Lender.