Conventional Home Loans

  • Low down payment required (3 percent minimum), however the Mortgage Insurance may be higher. 5 percent down is the norm.
  • Mortgage insurance is required for loans exceeding 80 percent loan-to-value
  • Conventional mortgage insurance is only monthly or single premium
  • Conventional mortgage insurance will automatically end at 78 percent loan-to-value or can be requested to be removed when the loan-to value hits 80%
  • Conventional mortgage insurance is credit sensitive
  • Can go as low as 620 Credit score
  • Conventional loans can cover much higher loan amounts
  • Even though conventional loans may have higher interest rates, their monthly payments may still be lower.
Get Started with Home Purchase
Get Started with Home Refinance