Conventional Home Loan

Conventional Loans are not guaranteed or insured by any Government Agency

  • Down payment required at least 5% of purchase price
  • Minimum credit score of 620
  • PMI required with less than 20% down payment
  • Typically fixed in terms and rates.


Adjustable Rate Mortgage (ARM)

  • Fixed for a period of time, typically 5-10 years
  • Amortized over a 30 – year term
  • ARMs will have lower start rates than fixed-rate mortgages
  • Market rates are adjusted to fixed period expires

Fixed Rate Loans

  • Fixed for the entire term of the loan, 30, 20, 15, and 10-year terms.
  • Rates will not change during the life of the loan
  • These loans can be used for a purchase or refinance of a personal residence, second home, or investment property.


  • PMI on Conventional Loans can be paid for upfront instead of monthly.
  • PMI rates are much lower on Conventional Loans if down payment is 10% or more depending on credit score.