The most popular mortgage option for buyers with strong credit. Competitive rates, flexible terms, and no mortgage insurance with 20% down.
3-20% +
First-time buyers may qualify with 3% down.
620+
Higher scores unlock better rates.
Conforming
Up to $832,750 in most areas
Overview
A conventional mortgage is not backed by the federal government. Instead, it follows guidelines set by Fannie Mae and Freddie Mac. Because the lender assumes more risk, borrowers typically need stronger credit and a larger down payment than FHA or VA applicants.
For qualified buyers, conventional loans offer competitive rates, flexible term options, and the ability to eliminate mortgage insurance once you reach 20% equity.
Borrowers with strong credit profiles often receive lower interest rates compared to other loan programs.
Choose from 15, 20, or 30-year fixed terms, as well as adjustable-rate options.
Avoid private mortgage insurance entirely with a down payment of 20% or more.
Conventional loans typically close faster than government-backed alternatives.
Get pre-approved and see what rate you qualify for. No obligation, no hard credit pull until you're ready.
