Start Your Mortgage Pre-Approval & Options
Is a conventional loan right for you?
If you’re looking for a mortgage with low fees, a conventional home loan may be a good option for you. If you are eligible, there are a number of benefits.
Benefits of a conventional loan
- Save Money: With a down payment of 20% or more, you won’t need to pay for mortgage insurance.
- Flexible Terms: Choose what mortgage term works best for you! Options include 30, 20, 15, and 10 year terms.
- Low Down Payment Option: It’s possible to take out a conventional loan with a down payment of just 3%.
Conventional loan eligibility requirements
• Credit-score requirements vary by loan program, lender and individual borrower circumstances.
• Down payments as low as 3% may be available to eligible borrowers through select programs.
• Stable, documented income to support repayment.
• A debt-to-income ratio that meets the applicable program and lender guidelines.
• Down payments as low as 3% may be available to eligible borrowers through select programs.
• Stable, documented income to support repayment.
• A debt-to-income ratio that meets the applicable program and lender guidelines.
