Conventional/Fixed Rate Loans

Conventional loans offer competitive rates, low down payment options, and the ability to drop PMI once you’ve built enough equity — perfect for buyers with strong credit.

A Conventional Mortgage Loan is a home loan that’s not insured or guaranteed by a government agency, making it the most common type of mortgage. These loans offer down payments as low as 3%, though putting 20% down eliminates the need for private mortgage insurance (PMI). Compared to government-backed loans, conventional mortgages typically require a higher credit score — with a minimum of 620.

Some key benefits include:

The ability to remove PMI once you reach 20% equity

No upfront mortgage insurance fee, unlike many government loan options

Greater flexibility for a wide range of buyers, especially those with stronger credit profiles