Conventional Loan

Who it's for

• Borrowers with stable, verifiable income and good credit
• First-time and repeat buyers purchasing a primary home
• Buyers of a second home or an investment property
• Borrowers who want a choice of loan terms — commonly 10, 15, 20, or 30 years

Key benefits

• Widely available across lenders, so we can compare options for you
• A range of down payment and term options to fit your budget
• With a 20% down payment, private mortgage insurance (PMI) is typically not required
• Fixed-rate and adjustable-rate structures available, depending on the lender
• Can be used for a primary home, second home, or investment property

How it works

1. Consultation — we review your goals, budget, and timeline, and check which conventional options fit.
2. Comparison — we compare your scenario across lenders and explain payment, down payment, and term trade-offs in plain language.
3. Application — we help you submit a complete, organized application with the documents lenders ask for.
4. Underwriting & closing — documents are reviewed, the appraisal is completed, and we walk through the final numbers with you before closing day.

What lenders typically look for

• Credit score — lenders typically look for 620 or higher for conventional financing
• Stable, documentable income and employment history
• Debt-to-income ratio within the lender's guidelines
• Down payment — often as low as 3% for qualified first-time buyers, 5% or more in many other cases
• Property appraisal and standard underwriting review
• Cash reserves may be required, especially for investment properties

Conventional guidelines vary by lender and change over time. We'll confirm what applies to your scenario before you apply.

Not sure it fits?

That's normal — and it's exactly what a broker is for. Tell us your scenario and we'll point you to the right starting point, even if it's a different program.

Check My Options →

Other loan programs

• FHA Loan
• VA Loan
• Stated Income / Non-QM Loan
• Hard Money Loan
• Refinancing
• HELOC