Conventional loans work for primary homes, second homes, and investment properties, with mortgage insurance you can remove.
A conventional loan is not backed by a government agency. It follows guidelines set by Fannie Mae and Freddie Mac, and it's the most common type of mortgage.
It offers the most flexibility on property types, loan amounts, and down payment options, and it's a strong choice for borrowers with good credit who want to remove mortgage insurance down the road.
Unlike FHA, PMI comes off once you reach 20% equity.
Finance primary homes, vacation homes, and rentals.
No upfront mortgage insurance or funding fee.
10, 15, 20, 25, or 30 years, fixed or adjustable.
3% down for first-time buyers purchasing a single-unit primary home.
Fannie Mae's program for low to moderate income borrowers, with reduced PMI.
Freddie Mac's program with reduced insurance costs and flexible funding sources.
PMI is required on conventional loans with less than 20% down. The good news is it doesn't last forever.
First home, second property, or a rental, let's find the right fit.
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