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See if conventional financing fits your goals.
We'll compare conventional rates and terms across dozens of lenders for you.
Apply NowConventional loans aren't backed by a government agency, but they remain the most widely used mortgage type in the country — for both purchasing a home and refinancing one, with competitive rates for buyers and homeowners with steady credit and income.
Think conventional financing fits your goals?Conventional loans reward stronger credit profiles with competitive rates.
PMI cancels automatically once you reach 20% equity, unlike FHA's MIP.
Conventional financing covers more property types than most government-backed programs.
Many homeowners refinance from FHA into a conventional loan specifically to eliminate lifetime mortgage insurance once they've built enough equity.
Conventional loans aren't government-backed and generally require stronger credit, but they allow mortgage insurance to be removed once you build enough equity, while FHA mortgage insurance often lasts the life of the loan.
No — many conventional programs allow as little as 3% down for qualifying first-time buyers, though PMI applies until you reach 20% equity.
Conventional loans that meet Fannie Mae and Freddie Mac guidelines are called “conforming” loans, capped at limits set annually by the Federal Housing Finance Agency. Loans above that limit are considered jumbo.
Yes — conventional refinances are common for lowering your rate, changing your term, or doing a cash-out refinance, and they're often used to move out of FHA financing once you have enough equity to avoid PMI.
We'll compare conventional rates and terms across dozens of lenders for you.
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