A conventional home loan is one of the most widely used mortgage options for purchasing or refinancing a home. Unlike FHA, VA, and USDA loans, conventional mortgages are not insured or guaranteed by a government agency and can offer competitive financing options for borrowers who meet the program requirements.
Depending on your qualifications, conventional loans may be available with down payments as low as 3% for eligible borrowers. They can be used for primary residences, second homes, and investment properties, with different requirements depending on occupancy and loan type.
Conventional financing may also provide advantages such as removable private mortgage insurance (PMI) when applicable requirements are met, multiple loan-term options, and greater flexibility for certain property and financing scenarios.
As a mortgage broker with access to more than 160 lending sources, I can compare conventional mortgage programs, rates, fees, and qualification requirements from multiple lenders rather than limiting you to the offerings of a single bank.
Whether you’re a first-time buyer, moving into your next home, purchasing a second home, investing in real estate, or refinancing, let me compare your conventional loan options and help you find financing that fits your goals.