Traditional · Most Popular

Conventional Loan

Own your home. Build your savings. Drop extra costs when you are ready.

Get Pre-Approved
3%
Min Down
620
Min FICO
Drops at 20%
PMI
10–30 yr
Terms

Overview

A conventional loan helps you buy your own home. You don't need a big down payment to get started. Just 3% can open the door.

Once your home grows in value, you can stop paying extra insurance. You can use this loan to buy the home you live in, a vacation home, or even a rental.

Is this you?

You have a steady job and a good credit score. You want to own a home and start building something that's yours.

Why borrowers love it

Stop extra fees later

Once you own more of your home, you can drop the extra insurance payment.

Start with just 3% down

You don't need a ton of money saved up to get started.

Buy almost any home

Use it for your main home, a vacation home, or a rental.

Good credit helps you

A solid credit score can save you money over the life of your loan.

How it works

1

Get pre-approved

A quick application tells you exactly what you can afford.

2

Shop with confidence

Find your home knowing your number.

3

Close with Rachel

I'll be with you every step of the way, all the way to your keys.

What you'll need

Credit score of 620 or higher
At least 3% down payment
Two years of steady income
Debts generally under 45% of income

Common questions

How much do I need to put down?
As little as 3% if you qualify. Putting down more saves you money over time, but it isn't required.
When can I stop paying extra insurance? +
Is this good for first-time buyers? +

Ready to move forward on a Conventional Loan?

Get pre-approved today and find out exactly what you qualify for — I'll be in your corner every step of the way.

Apply Now