Great rates, exceptional home buying flexibility
Conventional loans are “conforming” mortgages that are not offered or secured by a government entity, but are backed by Freddie Mac or Fannie Mae. Conventional loans come at great rates and low costs. They are best suited for borrowers who need flexible PMI requirements or want to finance a second home or an investment property.
Highlights
Ideal For
Highlights
- Require as little as 3% down
- Need FICO® Score of 660 and above
- Maximum debt-to-income ratio (DTI) is 49.99%
- Adjustable and fixed-rate loans available for 15- to 30-year terms
Ideal For
- Borrowers with good credit, stabe employment and valid income proofs