Conventional Loans

The most diverse set of mortgage products for a variety of homebuyer situations.

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Question:

Do you have good credit and at least 3% down payment or home equity to put towards your home purchase or refinance?

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FACTS

Minimum Credit Score:

620

Minimum Down Payment:

3%

Max Debt-to-Income:

50%

Max Loan Amount:

$1,089,300*

Available for:

Primary Residences

Second Homes

Investment Properties

QUICK
FACTS

Minimum Credit Score:

620

Minimum Down Payment:

3%

Max Debt-to-Income:

50%

Max Loan Amount:

$1,089,300*

Available for:

Primary Residences

Second Homes

Investment Properties

TYPES OF CONVENTIONAL LOANS

Conventional loans offers a variety of different fixed rate and adjustable-rate products for either purchase, refinance or construction. Drill down on the details and find the perfect Conventional Loan for your unique situation!

Amortization Options:

Conventional Cash-Out Refinance

Tap into your home’s equity, potentially lower your rate and/or change your conventional loan terms.

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Conventional Rate & Term Refinance

The most popular loan program for refinancing a home loan. Straightforward, smooth, and simple qualification.

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Conventional Purchase Loan

The most popular loan program for purchasing a home. Straightforward, smooth, and simple qualification.

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One-Time Close Construction Loan

Construction-to-permanent financing combines the best features of both a construction and a permanent loan.

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Home Possible®

The Home Possible® program offers outstanding flexibility for limited-income borrowers to buy a home with a low down payment.

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HomeReady®

The HomeReady® program enables individuals with limited income to buy a home with a low down payment.

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Conventional Loan Limits differ by county. The maximum loan amount indicated on this page is for designated high-cost counties. You can look up the loan limit for your county by following this link. Any Conventional loan amount exceeding $726,200 on a single-family home is considered a Conventional High Balance Home Loan and is subject to additional qualification guidelines.

CALCULATE YOUR CONVENTIONAL PAYMENT

Fancy yourself a mathematician? Check out our Conventional mortgage calculator. But don’t get too excited – consult with one of our mortgage experts to see if you qualify!