Conventional Loan
Enjoy highly flexible and customizable terms with a Conventional loan. It’s an ideal option for both first-time and experienced homebuyers, offering down payments as low as 3% and accepting a credit score as low as 620.
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Live Rates for an Conventional Loan
Rates update multiple times per day. Here are the latest.
Rates as of January 24, 2025
See assumptionsQuick Facts
Know what to expect from an Conventional Loan
Benefits
- Customizable termsChoose loan durations and payment plans that fit your life.
- Larger loan amountPurchase expensive properties or secure extra financing.
- Competitive ratesSave over the life of your loan with attractive interest rates.
- Refinancing optionsAdjust your mortgage terms as your needs change.
- Low down paymentDown payment of as little as 1% for qualifying borrowers.
Eligibility/requirements
- Credit scoreCredit scores down to 620 depending on loan parameters.
- Down paymentMinimum down payment ranging from 3% to 20%.
- Employment historyStable employment and income verification.
- Debt-to-income ratioDebt-to-income ratio within acceptable limits.
- Property guidelinesProperty appraisal that meets lender standards.
free call
Schedule a free 20-minute call to ask us anything.
Schedule a free 20-minute call with us and ask us anything.
- Talk to an experienced loan advisor
- Get honest and helpful information
- No pushy sales talk
- No strings attached
Ready to find the right loan for you?
Know where you stand before you start. Once you’re ready to begin your home buying journey, we’re here to help you get pre-approved with ease.
