CONVENTIONAL LOANS

One of the most common loan options—and often the best option if you qualify.

A conventional loan isn't backed by the government, which means lenders set their own guidelines. In practice that means a little more flexibility on the property side and fewer restrictions on how you use the home.

If you have solid credit and a reasonable down payment, a conventional loan is usually where we start the conversation.

What you generally need:

• Credit score of 620 or higher (better rates with 700+)

• Down payment as low as 3% for first-time buyers, 5% for repeat buyers

• Debt-to-income ratio under 45% in most cases

• PMI required if you put less than 20% down — but it can typically be removed once you build enough equity

Good fit for: Buyers with good credit who want competitive rates, flexibility on property type, and a straightforward path to removing mortgage insurance over time.

Different lenders treat conventional loans slightly differently, which is where comparing options can really matter.

Ready to see if you qualify? Let's talk