Loan Program

Conventional Loans

The most popular loan type for qualified buyers

What is a Conventional Loans?

Conventional loans are mortgage loans that are not insured or guaranteed by a government agency such as the FHA, VA, or USDA. They come in two varieties: conforming (meeting Fannie Mae/Freddie Mac guidelines) and non-conforming (jumbo). Conventional loans typically require stronger credit and down payments, but offer lower overall costs for well-qualified buyers.

Key Features

  • Competitive interest rates
  • 3% minimum down payment
  • No upfront mortgage insurance
  • PMI removable at 20% equity
  • Flexible property types
  • Multiple term options (10–30 years)

Requirements

  • Credit score 620+
  • Debt-to-income ratio ≤45%
  • 2 years employment history
  • Proof of income and assets
  • Property appraisal required

At a Glance

Min. Down Payment3%
Min. Credit Score620
Loan Limit$766,550 (conforming)

Best For

  • Buyers with 620+ credit
  • Those with 3–20% down
  • Investment property buyers
  • Move-up buyers

Ready to Apply?

Get pre-approved in as little as 24 hours. No obligation.

Start Application Call +1 (305) 705-2030
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