Conventional Loans

A loan that allows for as little as 3% down payment. Both interest rate and mortgage insurance are going to be dependent on credit scores. You can use up to half of your pretax income to qualify for the loan.

• Loan amount up to $424,100 ($726,525 in high cost areas)

• ​No up-front PMI 

• ​Most properties accepted 

• ​Mortgage Insurance drops after LTV reaches 78% 

• ​Zero down payment and low down payment available 

• ​Cheaper PMI than FHA 

• ​Can work with credit as low as 620