CONVENTIONAL LOAN

Conventional loans can be a great option if you have good credit and stable income. You can buy a home with as little as 3.0% down, and avoid mortgage insurance once you build enough equity.

Conventional loans offer flexible terms and competitive rates for purchasing rental properties or second homes. They're idea if you want to grow your real estate portfolio while keeping financing simple and predictable.

Once you have 20 percent equity in the home, you can request to cancel your Private Mortgage Insurance (PMI), which can you save hundreds of dollars on your monthly mortgage payment. 

Conventional loans are available for primary homes,  secondary homes and investment properties. 

You don’t always need to put 20% down to get a mortgage. Conventional loans can be approved with as little as 3% down.

Mortgage lenders require a minimum score of 620 to qualify for a conventional loan.

We care about debt-to-income ratios (DTI) instead of income. Your DTI ratio factors in other debts you have to pay each month, such as auto loans, student loans and credit card debt. 

Many fixed-rate conventional loans for a primary residence (not a second home or investment property) allow for a down payment as small as 3 percent or 5 percent.