Conventional Mortgages: 

Flexible Financing for Qualified Buyers

What Is a Conventional Loan?

A conventional mortgage is a home loan not backed by the government. It’s one of the most common financing options for buyers with solid credit and stable income.

Key Features

• Down payments as low as 3%–5%

• Competitive interest rates

• Flexible loan terms (15, 20, 30 years)

• Available for primary homes, second homes, and investment properties

Requirements

• Good credit (typically 620+)

• Stable income and employment

• Lower debt-to-income ratio

Pros

• Lower overall costs compared to FHA (in many cases)

• Cancelable private mortgage insurance (PMI)

• More property flexibility

Is It Right for You?

Conventional loans are ideal if you:

• Have solid credit

• Want lower long-term costs

• Can afford a moderate down payment