Conventional Mortgage Loans
Conventional mortgages are loans that are not attained under a government program, and we have several fixed-rate and adjustable rate options available. Conventional mortgage loans that are $484,350 or less for a single-family home are considered to be “conforming” loans; however, the limits can be higher in pricier regions of the country. Conventional loans that have higher limits are considered “non-conforming,” or 'jumbo loans.'
Conventional loan highlights:
- Up to $484,350 loan amount
- No mortgage insurance with 80% LTV
- Gift funds allowed (accepted for owner-occupied and second homes)
- Monthly or single premium mortgage insurance options available
Start the Homebuying Process Now
If you think a conventional loan is the right home financing option for you, click below to get prequalified and start the process of purchasing your new home.
Click here to apply!