A conventional loan follows guidelines set by Fannie Mae and Freddie Mac, making it the most flexible option for buyers with good credit and dependable income. Whether you are buying a primary residence, a second home, or an investment property, it can be tailored to fit your goals.
Qualified borrowers often secure favorable terms that reduce what you pay over the life of the loan.
Once you reach about 20 percent equity, private mortgage insurance can typically be dropped, lowering your payment.
Some qualified buyers can put down as little as 3 percent of the purchase price.
Use it for a primary home, a second home, or an investment property with fewer restrictions than government loans.
It varies by borrower and property, but some qualified buyers can start with as little as 3 percent. We will review what makes sense for your situation.
On most conventional loans, private mortgage insurance (PMI) can be removed once you reach roughly 20 percent equity in the home.
Reach out directly for specialized lending solutions tailored to your unique financial situation.