Conventional

Conventional Loan

Take advantage of competitive rates with a conventional or conforming purchase or refinance.

  • Most Common Program

    • This is the most utilized mortgage program in the U.S. offered through either Fannie Mae or Freddie Mac as a GSE (Government-Sponsored Enterprise)

  • More Property Options

    • Whether you are looking for a 2nd home or investment property, you get more options through a conforming loan.
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  • No Program Fees

    • While an FHA program has an upfront mortgage insurance premium, VA loans may have a funding fee (if you are not exempt) that is added to your loan amount and financing.  Conventional loans do not have these additional Program Fees.

  • Private Mortgage Insurance (PMI)

    • If your down payment is 20% or greater, there are no additional mortgage insurance costs added to your monthly payment.  You can also have the option to remove your PMI when your loan to value drops below 78% per investor requirements.

  • Competitive Rates

    • Conventional loans offer competitive mortgage rates to save you money.  A home loan professional can help you compare the rates and total costs of different programs to make sure you choose the one that is most advantageous to your needs.

  • Fixed & Adjustable Rates

    • Choose between fixed options and adjustable-rate options
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