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A Conventional Loan offers competitive rates for those with strong credit, verifiable income, and substantial equity. Available for primary residences, second homes, and investment properties.
Choose between Fixed and Adjustable-rate options to match your financial goals.
Automated Underwriting System (AUS) simplifies documentation requirements for income, assets, and property details.
Enjoy competitive rates, reflecting the structured guidelines and documentation standards that minimize risk for investors.
A Conventional Loan is a mortgage that is not insured or guaranteed by a government agency like FHA, VA, or USDA. Instead, it follows guidelines set by Fannie Mae and Freddie Mac and is offered by private lenders such as banks, credit unions, and mortgage companies.
Most lenders require a minimum credit score of 620 to qualify for a Conventional Loan. However, higher scores (740+) typically result in better interest rates and loan terms.
Conventional Loans can be used to finance a variety of property types, including:
Most Conventional Loans do not have income limits, but certain low down payment programs, such as HomeReady® and Home Possible®, have income restrictions based on area median income (AMI).