Your teenager wants her own wing.
Conventional loans for upgrading to a larger home.

Sanity starts here.

Discover The Benefits

See why a Conventional Loan is a great choice choice for those wanting wider options.

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  • No Mortgage Insurance
    Mortgage insurance is not required for loans when you are able to put 20% or more toward the down payment. Many other loan programs require mortgage insurance for the life of the loan; avoiding mortgage insurance can equate to substantial savings long-term.
  • Automatic Mortgage Insurance Cancellation
    Even if you do not have 20% to put toward your initial down payment, with a conventional loan, once your loan-to-value reaches 78% of the purchase price, your servicer will automatically remove the mortgage insurance premium, saving you money over the life of the loan.
  • Varying Property Types
    Conventional loans may be used for primary residence, 2nd homes, and investment property whereas most other loan programs are only available on primary residences.
  • No Funding Fee
    Conventional loans do not require an upfront finance fee or guarantee fee.

Check Eligibility

See if you meet the requirements for a Conventional home loan.

Take a look
  • Credit score ≥ 640
  • 3% down, gift funds accepted
  • Debt-to-income ratio less than 45%
  • Documentation of income and funds to close
  • Additional underwriting requirements will vary by borrower situation

Know More

Check out loan calculators, videos, tips, and articles to ensure you're up to speed.

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Get Pre-Approved

Fill out a Pre-Approval form and start searching with confidence.

Get started
  • Determine what you can afford and focus your house-hunting efforts
  • Demonstrate to the seller that you have taken the initial steps to obtain a home loan which can be an advantage over other offers
  • Eliminate surprises; sometimes the pre-approval process can uncover minor issues that are easy to fix and help you get started on the right foot
  • It's free, takes just a few minutes and there's no obligation
  • Apply now!

To calculate your debt-to-income ratio, add up all your monthly debt payments and divide them by your gross monthly income.

Private Mortgage Insurance (PMI) is a policy which protects lenders or investors from possible loan default and is determined based on the loan to value ratio of the loan in question.