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Loan program
Conventional loans
Flexible, lender-driven loans for buyers with steady credit and income; the most common path to homeownership. Ask us about our 1% Down conventional option if you're cash-light but credit-strong.
Conventional loans are not government-insured. Pricing typically rewards stronger credit and larger down payments, while still offering low-down-payment options for qualified buyers, including a 1% Down conventional program that pairs your 1% contribution with a 2% lender-paid grant to reach a 3% down payment.
NMLS #98185
Hundreds of lender partners
Who it's for
- Buyers with credit roughly 620 and above
- Borrowers with stable, documentable income
- Repeat buyers with equity from a prior home
- Investors targeting non-owner-occupied properties (program permitting)
Eligibility, rates, fees, and program features depend on credit, property, and lender. Examples here are illustrative only and are not approvals, preapprovals, or commitments to lend.
Key benefits
Why borrowers choose this program
- Down payments as low as 3% for qualified first-time buyers
- 1% Down option available (you bring 1%, lender provides a 2% grant)
- PMI removable once you reach roughly 20% equity
- Wide range of fixed and ARM term options
- Generally lower overall cost when credit is strong
Eligibility
What we'll look at
- Credit score, debt-to-income, and reserves
- Stable two-year employment / income picture
- Property type and occupancy
- Loan amount within conforming limits
- Gift funds, appraisal, and property review when applicable
Documents
Commonly needed if you proceed
- Recent pay stubs
- W-2s and/or tax returns
- Two months of asset statements
- Photo ID
- Gift letter, purchase contract, and insurance details when applicable
Documents are collected later in the lender portal. None are uploaded through this page.
Scenarios
Common scenarios
- First-time buyer using 3–5% down with PMI
- Cash-light, credit-strong buyer using the 1% Down conventional program
- Repeat buyer rolling equity into a 20% down payment
- Buyer comparing 30-year fixed vs 7/6 ARM for a short-term hold
- Investor financing a duplex as primary residence
How it compares
Versus other programs
| Compared to | Bottom line |
|---|---|
| FHA | FHA is more credit-forgiving; conventional usually wins on overall cost when credit is strong. |
| VA | If you're eligible for VA, VA's no-down, no-MI structure is often better, but conventional fits non-veterans. |
| Jumbo | Conventional works up to conforming limits. Above that, jumbo is required. |
Frequently asked
Conventional loans FAQ
Most conventional programs start around 620, with the best pricing typically at 740+. We'll model your bracket.
Connect with our experts today
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Whether you're ready for a fast prequalification, want an honest rate conversation, or need a second opinion on a quote you already have, we're here. Family-owned, local, and easy to reach. No spam, no surprise fees, no obligation.