💰 Cost-Saving Benefits

• Low Down Payments – As little as 3% down for qualified first-time buyers

• No Upfront Mortgage Insurance Fees – Save thousands compared to FHA

• Private Mortgage Insurance (PMI) Can Be Removed – Eligible for cancellation at 80% LTV

• No Mortgage Insurance with 20% Down – Keep monthly payments lower

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🏡 Loan Flexibility

• Fixed-Rate or ARM Options – Choose payment stability or a lower initial rate

• Flexible Terms – 10, 15, 20, or 30 years based on your goals

• Primary, Second Home, or Investment Use – Multiple property types allowed

• Loan Limits Apply – Check your local limit here

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🧾 Easier Appraisal & Approval

• Fewer Appraisal Requirements – Less strict on minor property repairs than FHA, VA, or USDA

• DTI Up to 50% – Get approved even with higher monthly obligations if credit and assets are strong

• Minimum Credit Score – Typically 620 or higher

• Full Income Documentation – W-2s, pay stubs, or tax returns (for self-employed borrowers)

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🔄 Refinance-Friendly Options

• Lower Your Monthly Payment – Refinance to a better rate or term

• Eliminate Mortgage Insurance – Drop FHA or USDA MI and save long-term

• Cash-Out Refinance – Tap into your equity for home improvements, debt consolidation, or other needs

• Roll Two Loans Into One – Combine first and second mortgages into a single loan

• Switch from ARM to Fixed – Lock in long-term stability

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💡 Additional Loan Options Worth Exploring

Looking for something more tailored to your situation? Here are a few specialized options that build on the benefits of a conventional loan:

• Buying Your First Home?
  You may qualify for a 1% down conventional loan, where you put down just 1% and receive an additional 2% in down payment assistance (up to $7,000).
  Learn more about this low down payment option ›

• First-Time Buyer and Not Sure Where to Start?
  We’ve got a dedicated guide that breaks down the most popular programs, closing costs, and key steps.
  Explore first-time homebuyer resources ›

• Shopping Above the Conforming Loan Limit?
  If your loan amount exceeds the conventional limit in your area, a jumbo loan may be a better fit.
  See what you need to know about jumbo financing ›

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Disclaimer: All loan programs are subject to credit approval and individual qualification. Terms, rates, and conditions may vary by lender and are subject to change without notice. Appraisal and property eligibility guidelines may apply. This is not a commitment to lend. For full details and personalized quotes, please contact us directly.