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Conventional Loans
Traditional mortgages with competitive rates. Down payments as low as 3% with flexible options for every buyer.
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Why Go Conventional?
Conventional loans offer flexibility and competitive terms for borrowers with good credit. With no upfront mortgage insurance and cancellable PMI, they can be the most cost-effective option.
Down payments from 3%
No upfront mortgage insurance
PMI cancellable at 20% equity
Loan amounts up to $832,750
Fixed & adjustable rates
Faster processing times
Conventional Loan Requirements
Minimum Credit Score660 (740+ for best rates)
Down Payment3% - 20%+
Debt-to-Income RatioUp to 45-50%
Loan Limit (2026)$832,750
Mortgage InsurancePMI (cancellable)
Conventional Loan Calculator
Estimate your monthly payment with PMI, taxes, and insurance. Adjust your down payment to see how PMI changes.
Loan Purpose
$
%
$22,500 down
%
$
$
$
0.7%/yr
Estimated Monthly Payment
$3,533
Principal & Interest$2,702
PMI$249
Property Tax$450
Home Insurance$131
Loan Amount$427,500
Down Payment$22,500
PMI StatusRequired
PMI Rate0.7%
This calculator is for informational purposes only. Results are estimates and are not exact — they do not include all closing costs, prepaid interest, or escrow deposits. PMI rates are approximate and can vary based on credit score, debt-to-income ratio, and other factors. Contact us for a personalized quote.
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Mortgage Knowledge Center
Common Conventional Loan Questions
Straight answers to the questions buyers ask us most — from down payments and PMI to self-employment, refinancing, and closing timelines.
What Is a Conventional Loan?Who Qualifies for a Conventional Mortgage?What Credit Score Is Needed for a Conventional Loan?How Much Down Payment Is Required for a Conventional Loan?Can I Buy a Home With 3% Down?What Are Conventional Loan Limits?What Is the Maximum Debt-to-Income Ratio for Conventional Loans?Can I Qualify With a Recent Job Change?Can I Qualify If I'm Self-Employed?How Long Do I Need to Be Self-Employed?Do Conventional Loans Require Mortgage Insurance?When Can PMI Be Removed?Is PMI Automatically Canceled?Can I Use Gift Funds for a Conventional Loan?Can I Use Retirement Funds for a Down Payment?How Are Student Loans Calculated?Can I Qualify After Bankruptcy?How Long After Foreclosure Can I Qualify?Can I Buy a Manufactured Home?Can I Finance a Condo?Can I Buy a Second Home?Can I Buy an Investment Property?Can I Refinance Into a Conventional Loan?What Is a Rate-and-Term Refinance?What Is a Cash-Out Refinance?How Much Equity Do I Need?Are Conventional Rates Lower Than FHA?Can I Buy With Collections?Do Medical Collections Matter?Are Late Payments Allowed?Can Overtime Income Be Used?Can Bonus Income Be Used?Can Commission Income Be Used?How Are Rental Properties Counted?What Reserves Are Required?What Closing Costs Should I Expect?Can the Seller Pay My Closing Costs?How Long Does Underwriting Take?How Long Does Closing Take?What Documents Will I Need?Is a Conventional Loan Right for Me?
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Latest Conventional Insights
Recent articles from our blog covering conventional loans, PMI, and homebuying tips.
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