To qualify for a conventional loan, a borrower must complete an official mortgage application and all required documentation of their financial and credit history, including their current credit score. Most conventional home loans have a fixed mortgage rate, meaning that the rate will remain the same during the duration of the loan. Conventional loans have stricter lending requirements by banks and lenders because the federal government does not guarantee them.

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Key Aspects:

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• ​Down Payments as Low as 3%

• Fixed Mortgage Loans​​

• Competitive Rates

They are designed to finance luxury or investment properties or homes in highly competitive local real estate markets. Their strict guidelines include larger down payments and a tighter debt ratio.

Key Aspects:

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• For Loans Larger than $510,400​​

• Fixed & Adjustable Rate options​​

• Great for homes $1 million+​

• Streamlined process

Key Aspects:

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• 3.5% minimum down payment for all property types

• Monthly mortgage insurance is required.

• Primary residence, 1-4 Units

Key Aspects:

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• Zero Down Payment Required

• No Monthly Mortgage Insurance

• Must pay a one-time funding fee at closing

• Homes must be VA-approved

• Serving our military community