Loan Programs
Conventional Home Loans
The most common mortgage in the country. A fixed rate version gives you a principal and interest payment that does not change for the life of the loan, which makes every other number in your budget easier to plan around.
Why This One
What a Conventional Loan Gives You
Predictable payments
Fixed rate options mean the principal and interest portion never moves.
No mortgage insurance at 20% down
Put twenty percent down and you skip it entirely.
Competitive pricing on good credit
This is where a strong credit profile is rewarded most directly.
Flexible property types
Primary residence, second home, and investment property all qualify.
The Basics
What to Expect
- Down payments as low as 3 percent for qualifying first-time buyers
- Fixed rate terms of 15 or 30 years
- Adjustable rate structures available
- Mortgage insurance can be removed at 80 percent loan-to-value
- Higher loan limits than FHA
- Fewer restrictions on property condition than FHA
The Honest Part
Where Conventional Costs You
Credit and income standards are stricter than FHA. If your score is low or your debt ratio is stretched, you will either be declined or priced high enough that FHA is genuinely better.
If your down payment is small and your credit is mid-range, run both. There is a crossover point where FHA costs less in the early years despite costing more over the full term, and which side you land on depends on how long you keep the house. We will run it both ways.
The removable mortgage insurance is the quiet advantage here. On a long hold it is often worth more than a small difference in rate, and it is the thing most rate-shopping comparisons leave out.
FAQ
Frequently Asked Questions
Ready to Get Pre-Approved
A pre-approval conversation takes about twenty minutes and replaces every online estimate with a real number.