Conventional Loans

Overview

Flexible conventional financing for primary homes, second homes, and refinances — with as little as 3–5% down for qualified buyers.

As little as 3–5% down
No mortgage insurance with 20% down
Fixed and adjustable terms
Primary, second home, or investment

Get Pre-Approved

Best for

Buyers with solid credit seeking the best long-term rate.

Not sure this is the right fit? We'll compare it against every option — in-house and across 109+ lenders — and tell you straight.

Talk to an expert

At a glance

Program guidelines

Down payment	As low as 3% (first-time) / 5%+
Credit	Generally 620+
Mortgage insurance	PMI if under 20% down — cancellable
Loan limit	Up to the conforming limit for your county
Occupancy	Primary, second home, or investment

Guidelines shown are general program parameters and can vary by borrower, property, and investor requirements — ask us about your specific scenario. Not a commitment to lend.

Benefits

Why buyers choose it

PMI cancels once you reach ~20% equity
Wide property and occupancy eligibility
Often the best long-term rate for strong credit

Things to consider

Know before you go

More sensitive to credit score than FHA
PMI applies until you reach ~20% equity

FAQ

Common questions

How much do I need to put down?

As little as 3% for qualified first-time buyers, 5%+ otherwise. Putting 20% down avoids PMI.

When does PMI go away?

Conventional PMI can be removed once you reach roughly 20% equity — a key difference from FHA's mortgage insurance.

Conventional Loans