Conventional Mortgage Loan

Our Conventional Loan Product is ideal for First-Time Homebuyers and for those with good credit, but do not have enough money for a down payment.

Conventional Mortgage Loan Guidelines

The conventional mortgage loan has flexible requirements compared to other loan programs. Learn more below to see if you can use this option to your advantage when purchasing a home.

3% Down Payment

Step into your new home with a down payment as low as 3%.

620+ FICO

This program requires a minimum 620+ FICO credit score.

56% Max DTI

Your debt-to-income ratio should be no more than 56%.

Overview of the Conventional Loan

Conventional Conforming Mortgages offer lower rates because they are originated to guidelines established by Fannie Mae or Freddie Mac, which are Government Sponsored Enterprises (GSEs).

These loans must also “conform” to the established maximum loan limits set by Fannie Mae and Freddie Mac. For self-employed 1 year of taxes and 5 years in business is required. Certain credit scores have avoid the need to pay for PMI (private mortgage insurance).

This home buying program is not only for first time home buyers. This program can also help those who are looking for a second home or purchasing an investment property. The down payment requirements may change depending on the purpose of the property. This program also comes in various forms so see if it fits your situation today.

Additional Benefits of the Conventional Loan

There are additional pros of going with this program when purchasing your home.

Our Past Clients Love Us


Ready To Pre-Qualify for The Conventional Loan?

One of our mortgage experts will let you know if this program is right for you and how much home you qualify for.