Conventional
Home financing that’s reliable and flexible
Flexible conventional loans designed for secure payments and faster equity growth.
The Reliable Choice for Buying Your Home
Conventional loans are perfect for borrowers with strong credit and steady income. As non-government-backed mortgages, they provide flexible terms and favorable options for those seeking an affordable down payment.
Conventional benefits
- Can be used for a primary residence, second home, or investment property.
- Competitive interest rates and customizable loan structures.
- Potentially lower long-term costs for borrowers with strong credit.
- Allows for financing higher-priced homes compared to some government-backed loans.
- Avoid extra insurance costs if you can make a 20% down payment.
- Less bureaucracy than some government-backed programs.
Qualification criteria
- Typically requires a good to excellent credit score (often 620 or higher).
- Proof of consistent income and employment history is needed.
- Must meet lender’s maximum DTI requirements, usually below 43–50%.
- Minimum down payment varies (often 3–20%), depending on loan type and lender.
- The property must meet standard appraisal and condition guidelines.