Conventional loans
When it comes to mortgages, conventional doesn’t mean boring. This is the most popular home loan program and also has the most loan options; fixed rate or adjustable, purchase or refinance, large down payment or small, 30 year term to 10 year term. Let’s discuss your situation to find a conventional loan to fit your budget and financial goals.
Key Features
Down payments as low as 3%
Credit scores down to 620
Best rates at credit scores of 740 and above
Max loan amount of $647,200
No mortgage insurance with down payments of 20% or greater
Mortgage insurance can be cancelled at LTVs of 80% and below
Can be used for purchase or refinance
Can be used for primary residence, second homes or investment properties
Fixed rate term options of 10, 15, 20, 25 or 30 years
5/1, 7/1 and 10/1 adjustable rate mortgages
Buyer paid or lender paid mortgage insurance options
