Conventional loans
Conventional Loan Requirements & Eligibility
Conventional loans offer competitive interest rates, and lower long-term mortgage insurance costs. First time buyers qualify with as low as 3% down!
loan snapshot
Rates updated daily
30-yr. fixed
6.576%
6.592% APR
6.592% APR
15-yr. fixed
6.016%
6.045% APR
6.045% APR
7-yr. ARM
6.542%
6.564% APR
6.564% APR
30-yr. fixed VA
5.973%
6.103% APR
6.103% APR
CONVENTIONAL LOAN HIGHLIGHTS
Why conventional loans are different
Built for stronger financial futures
Conventional loans are designed for borrowers who want flexibility, lower long-term costs, and more ownership options.
Lower PMI Costs
Mortgage insurance can be removed once you meet 20% equity
Competitive Rates
Qualified borrowers may secure lower interest rates and payments.
Flexible Property Types
Finance primary homes, second homes, and investment properties.
Higher Loan Limits
Conventional loan limits are $832,750 in most counties.
Minimum Requirements
credit score
620+
minimum down payment
3% for first time homebuyers
5% for repeat buyers
Debt-to-income ratio
Up to 49.9%
Mortgage insurance
Required up to 80% LTV
Occcupancy
Primary, vacation and investment
Loan limits
$832,750 in most counties
Conventional loans may be a good fit for you if...
Have a credit score above 700
Plan to put down 3%, 20% or more
You are looking for a vacation home or investment
Want longer term savings with cheaper mortgage insurance
ready to explore your conventional loan options?
Let’s walk through your numbers, monthly payment, and available conventional loan options so you can understand the best path forward.
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