Conventional Loans
Flexible mortgage options for borrowers with strong credit, offering competitive rates and a variety of term lengths.
Overview
Conventional loans are private mortgages not insured by the federal government. Ideal for buyers with good credit scores (620+), they offer flexibility in down payment requirements and loan terms, including fixed- and adjustable-rate options.
Key Features
Flexible Down Payments
Choose from 5% to 20% based on your financial goals.
Variety of Terms
Available in 10-, 15-, 20-, and 30-year terms.
Low Rates
Competitive interest rates for qualified borrowers.
No Upfront Mortgage Insurance
Only monthly PMI if down payment is less than 20%.
Compare Loan Terms
| Term | Down Payment | APR Range | Best For |
|---|---|---|---|
| 15-Year Fixed | 5%+ | 3.00% – 3.50% | Homeowners seeking lower total interest |
| 30-Year Fixed | 5%+ | 3.50% – 4.00% | Lower monthly payments |
| 5/1 ARM | 10%+ | 3.25% – 3.75% | Short-term ownership plans |