Conventional Loans

A flexible loan for buyers with established credit

Who it may fit

• Buyers with established credit and steady, documented income
• Buyers who want options for primary homes, second homes, or investment properties
• Homeowners refinancing who may want to remove mortgage insurance later

Things to know

• Down payment options vary by program; some allow less than many people expect.
• With less than 20% down, private mortgage insurance (PMI) is typically required, and it can often be removed later under program rules.
• Loan amounts must fall within conforming limits for your county; larger amounts may need a jumbo loan.
• Credit, debt-to-income, and reserves all affect pricing and eligibility.

Eligibility, terms, and availability depend on your situation and on lender and program guidelines, and are subject to change. Not all borrowers will qualify. No rates are quoted on this site.