Conventional Loan Programs
Our conventional loan program is designed to help a wide range of homebuyers achieve homeownership with flexible credit and down payment options. To qualify for a conventional loan, you generally need a minimum credit score of 620, though higher scores can help you secure better interest rates and lower down payment requirement.
Conventional Loan Programs
This program requires a minimum down payment of 3%, making it accessible for buyers with some savings. If you are able to put down 20% or more, you can avoid paying private mortgage insurance (PMI), which adds to your monthly costs.
Key Features:
- Minimum credit score typically starting at 620
- Down payment as low as 3%, depending on your financial profile
- Private mortgage insurance (PMI) required for down payments under 20%, which can be removed once you reach 20% equity
- Flexible debt-to-income ratio requirements
This program is ideal for buyers with stable credit and income who want a straightforward loan option. It offers competitive rates and flexible terms to fit your financial situation.
