CONVENTIONAL LOANS

Conventional loans are the most common and universal type of financing option with the multiple variety of ways you can use these loans from first-time buyer programs to seasoned investors.

Occupancy for Conventional Loans

Primary Residence

This is for your home that you spend a large majority of your time. Primary Residence financing offers the most competitive financing terms.

Second Home

Also known as Vacation Homes. This is for homes you spend less than half your time at. Second homes must be a reasonable distance from your primary residence.

Investment Property

This is for homes you do not plan to live in at all. You can use this type of financing for long-term or short-term rentals, such as Airbnb or Vrbo.

Down Payment Options

3% Down Payment

3% Down Payment is available for first-time home buyers or borrowers with income that is under 80% of the area median income.

5% to 19.99% Down

For borrowers that are not first-time buyers or low income, the minimum down payment is 5% down for primary residence. Less than 20% down will require PMI (Private Mortgage Insurance). Don't worry, we offer discounted mortgage insurance for our clients

20% or More

For those who are looking to put a larger chunk down to avoid mortgage insurance or looking for better financing terms.