All Purchase Loans
Purchase Loans
Conventional
The standard. Fixed or adjustable. Great credit? This is usually your best rate.
Conventional loans are the most common mortgage type and offer the most flexibility. They're not backed by a government agency, which means slightly stricter requirements but often the best rates for well-qualified borrowers.
Key Features
- • Available in 15, 20, and 30-year fixed terms
- • Down payments as low as 3% for first-time buyers
- • PMI drops off at 20% equity — it's not forever
- • No upfront mortgage insurance fee (unlike FHA)
- • Works for primary homes, second homes, and investment properties
Best for: Buyers with good credit (620+) and stable income who want the lowest overall cost.