Most Flexible
Conventional Loans
Competitive Rates. Maximum Flexibility.
Min Credit Score
620+
Min Down Payment
3% (first-time buyers) | 5% (repeat buyers)
Ideal For
Strong credit borrowers, repeat buyers, investment properties
What is a Conventional Loans?
Conventional loans are not backed by a government agency. They follow guidelines set by Fannie Mae and Freddie Mac. For borrowers with strong credit and stable income, conventional loans often offer the best rates and the most flexibility in terms of property types and loan amounts.
Who It's For
Conventional loans are best suited for borrowers with credit scores of 620 or higher, stable employment, and the ability to make a moderate down payment.
Key Benefits
- PMI can be removed once you reach 20% equity
- Available for primary, secondary, and investment properties
- Higher loan limits than FHA
- No upfront mortgage insurance premium
- More flexible property condition requirements
- Multiple term options (10, 15, 20, 30 years)
What You'll Need
- Minimum 620 credit score (higher for better rates)
- Down payment starting at 3–5%
- Debt-to-income ratio typically under 45%
- 2 years of employment history preferred
- W2s, tax returns, or other income documentation
- Appraisal required
Frequently Asked Questions
Everything you need to know about Conventional Loans.
Ready to Get Started?
Tathiana is ready to help you navigate your Conventional Loans options. Apply online or call us directly.