What Is a Conventional Loan?
Conventional loans are not backed by the government and often offer better rates for qualified borrowers. They’re perfect for buyers with good credit and stable income.
Key Benefits:
- As low as 3% down
- No upfront mortgage insurance fee
- More property options (vacation homes, rentals)
- Competitive rates and flexible terms
Who Is a Good Fit?
You might benefit from a conventional loan if you:
- Have a 700+ credit score
- Can put down at least 3–5%
- Are buying a primary, secondary, or investment property
- Want to avoid mortgage insurance long-term
Loan Process Overview
Step-by-step layout:
- Get pre-approved with 605Mortgage
- Choose your ideal loan structure
- Make an offer & start underwriting
- Close with confidence
Client Testimonials
Highlight clients who chose conventional over FHA or other products.
FAQ
Examples:
- What’s the difference between conventional and FHA?
- Can I buy a duplex or second home?
- What credit score do I need?