Conventional Loans
Fixed and adjustable-rate mortgages for primary residences, second homes, and investment properties. Competitive rates with flexible down payment options.
Conventional Loan Guidelines
Loan Parameters
- Min Loan Amount$75,000
- Max Loan Amount$766,550 (conforming)
- Loan Terms15, 20, 30 year fixed
- ARM Options5/1, 7/1, 10/1
- Max LTV (Purchase)97% (with PMI)
- Max LTV (Cash-Out)80%
Borrower Requirements
- Min Credit Score620
- Min Down Payment3% – 5%
- Debt-to-Income RatioUp to 50%
- Employment History2+ years
- Reserves Required2+ months
Property Requirements
- Property TypesSFR, Condo, Townhome, 2-4 Unit
- OccupancyPrimary, Second Home, Investment
- Appraisal RequiredYes
- PMI RequiredIf down payment < 20%
Why Choose a Conventional Loan?
Competitive Rates
Often lower than government-backed loans for borrowers with good credit.
Flexible Terms
Choose from 15, 20, or 30-year fixed or adjustable-rate options.
PMI Cancellation
Once you reach 20% equity, PMI can be removed.
Multiple Property Types
Available for primary homes, second homes, and investment properties.