Learn more about Conventional Loans
Get the loan that fits your life
A Conventional Loan is one of the most common loan types and usually what people think of when they think of a mortgage. Conventional Loans may have a variety of loan term options, have a fixed or adjustable rate, and come in many different options, giving you the freedom to customize.

A few key benefits of Conventional Loans:
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Options - Conventional Loans come in all shapes and sizes, meaning you can get the perfect loan with the right term length, down payment, and more to best fit your needs.
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High loan limits – A Conventional Loan with a larger limit can offer you more wiggle room if you want to buy a more expensive home or purchase in a high-cost area.
A Conventional Loan might be a good fit if you:
- Have funds for a down payment (including gift funds and down payment assistance)
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Want to buy a primary home, vacation home, or rental property

Mortgage myths
Don’t let myths about Conventional Loans hold you back
Myth #1: You need to put 20% down to qualify for a Conventional Loan
Not true! A Conventional Loan has a 3% minimum down payment requirement. But if you put down less than 20%, monthly PMI (Private Mortgage Insurance) is required.
Myth #2: You need amazing credit
Also not the case! A Conventional Loan has a minimum credit score requirement of 620. However, having healthy credit doesn’t hurt since a higher credit score may help you qualify for a lower mortgage rate.
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Dig a little deeper

A quick overview of Conventional Loans
Could a Conventional Loan help to make your dream of homeownership a reality?

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