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Conventional Loans
Go easy with Conventional Loans
A conventional loan is a type of mortgage loan secured by a private lender, not backed by a government agency. They are typically used to finance a home purchase and usually require a low down payment.
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Conventional loans are often the first choice for home buyers because they typically offer more competitive rates and terms than other types of financing. Additionally, they usually have more flexible credit requirements, making them a great fit for many borrowers.
Benefits
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Competitive rates
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Down payment options as low as 3%
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Fast closings — most in less than 20 days
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Options include primary or second homes, investment properties, new construction, cash-out refinances, and more.
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First-time homebuyer programs available
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Borrower assistance programs available to help with down payment and closing costs
more options
Other Loan Types
