


CONVENTIONAL LOANS
Conventional loans are the most widely used mortgage option in the U.S. These loans are not backed by a government agency, but instead follow the guidelines set by Fannie Mae and Freddie Mac. With flexible terms, competitive interest rates, and a wide range of property eligibility, conventional loans are ideal for borrowers with strong credit and stable income.

Key Benefits of a Conventional Loan
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Flexible Down Payment Options — As low as 3% for qualified first-time homebuyers
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Higher Loan Limits — Up to $806,500 in most areas (even higher in select counties)
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No Upfront Mortgage Insurance Premiums like FHA loans
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PMI Can Be Removed once 20% equity is reached
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Available for Primary, Secondary, and Investment Properties
Do I Need 20% Down to Qualify?
No — that’s a common myth. While putting 20% down can help you avoid Private Mortgage Insurance (PMI), many buyers today qualify for conventional loans with as little as 3% down, especially if you haven’t owned a home in the last three years.
Our team will walk you through your eligibility and help you explore the best down payment scenario for your situation.
Fixed vs. Adjustable Rates
Conventional loans are available as either:
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Fixed-Rate Mortgages – Stable monthly payments for the life of the loan
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Adjustable-Rate Mortgages (ARMs) – Lower initial rates that adjust after a set period
We’ll help you determine which structure aligns with your financial goals.
Who Should Consider a Conventional Loan?
Conventional loans are best suited for:
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Buyers with good to excellent credit
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Borrowers with steady income and employment history
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Buyers with moderate to significant savings for down payment and closing costs
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Investors and those purchasing second homes or condos
