Conventional Loans
Ideal for borrowers with good credit and a stable income. Offers competitive rates and flexible terms.
Conventional loans are the most common type of mortgage, ideal for borrowers with strong credit scores, stable income, and a solid financial history. These loans are not backed by the government, allowing lenders more flexibility in terms of rates and loan structures. Conventional loans typically require a down payment of at least 3%, with better terms available for those who put down 20% or more. Borrowers can choose between fixed-rate and adjustable-rate mortgage (ARM) options, depending on their financial goals. These loans offer competitive interest rates, flexible repayment terms, and fewer restrictions on property types compared to government-backed loans.