Conventional Mortgage

Conventional home loans are simple and are not backed by a Government agency. Borrowers with a stable job, income, and good credit score are great candidates for conventional home loans. Compared to government-backed loans, conventional home loans are more flexible in their terms and have fewer restrictions.

No Interest Rate Surprises

With a fixed-rate mortgage, the interest rate won't change for the life of your loan, protecting you from the possibility of rising interest rates.

Fewer Hoops to Jump Through

Conventional mortgages often require less documentation than FHA loans or VA loans, which could speed up the overall processing time.

The best Fixed Rates

Conventional mortgages typically offer a lower interest rate and APR than other types of fixed-rate loans.

Refinancing options available

Conventional fixed-rate mortgages are also available for refinancing your existing mortgage and the 15- and 20-year options are especially popular.

Requirements and Qualifications
Loan Amount	The loan amount for a conforming mortgage is generally limited to $417,000 for a single-family home, though limits may be higher in regions where home prices are higher. Jumbo loans allow you to exceed the conforming loan limit to borrow for a higher-priced home.
Down Payment	Most conventional loans will require at least 5 percent as a down payment.
Credit History	Conventional loans are a good choice for borrowers with great to excellent credit.