The Power of Strong Credit Conventional loans are the most common path to home ownership because they offer the most flexibility for those with stable financial histories.
Conventional loans are the most popular choice for homebuyers with stable income and solid credit histories. Because they aren’t insured by the government, they offer the most flexibility in terms of property types and long-term savings.
Credit Scores
Ideal for borrowers with a 620 FICO® or higher.
Low Down Payments
First-time buyers can put down as little as 3%.
PMI Elimination
Unlike other loans, Private Mortgage Insurance can be removed once you reach 20% home equity.
Loan Limits
High “conforming” limits allow for significant purchasing power without needing a Jumbo loan.
Your First Home Foundation
Conventional Financing: Great rates for borrowers with strong credit.