Description
About this loan type
Conventional loans are one of the most popular mortgage options, offering flexible terms and competitive rates for homebuyers. Unlike government-backed loans, conventional loans are funded by private lenders and can be customized to fit a variety of financial situations. Whether you're a first-time buyer or a seasoned homeowner, these loans provide stability and predictability, especially with fixed-rate options. With the potential for lower costs and fewer restrictions compared to FHA or VA loans, conventional financing is a great choice for those with strong credit and stable income.
Why Choose This Loan?
Down Payment: Buy a home with as little as 3% down.
No PMI with 20% Down: Save on monthly costs by avoiding private mortgage insurance.
PMI Can Be Cancelled: Automatically removed when your loan-to-value reaches 78%.
Ideal For: Homeowners looking to finance primary homes, second homes, and investment properties.
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