Mortgage Programs

Conventional Loans

Conventional loans provide flexibility and lower interest rates for borrowers with higher credit scores. 

Flexible Options With Conventional Loans

Conventional loans work well for a range of borrowers, but are best suited for those with high credit scores and, typically, higher amounts available for a down payment. Fixed-rate Conventional Loans are common if you are planning to stay in your home for a longer term. For the lowest possible initial rate, or if you are planning to move or refinance in a few years, a Conventional Loan with an adjustable rate mortgage (ARM) can be a better option. A Conventional Loan has flexible options including:

  • Use it to finance primary/secondary homes or investment properties (1-4 units)
  • Offering a Cash-out refinance 
  • Providing various loan terms
  • Low down payment options
  • Possible seller’s concessions, dependent on down payment
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Why Choose A
Conventional Loan

Homebuyers opt for conventional loans for various reasons. They often provide:

  • More Favorable Interest Rates
    Conventional loans often offer competitive interest rates, particularly for borrowers with solid credit scores.
  • Flexible Loan Terms
    Conventional loans typically come with a range of term lengths, allowing borrowers to select options that best fit their financial situation and goals.
  • Avoiding Mortgage Insurance
    Conventional loans may not require mortgage insurance if the borrower provides a substantial down payment, typically 20% or more of the home's purchase price.
  • Less Stringent Eligibility Criteria
    While conventional loans still have eligibility requirements, they may be more lenient compared to government-backed loans.
  • Investment Opportunities
    For individuals viewing real estate as an investment, conventional loans can offer advantages like easier access to financing for non-owner-occupied properties or investment ventures.

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