Conventional loans can be a fixed rate mortgage or an adjustable rate mortgage.

What types of Property are Eligible for Conventional Loans?

  • Primary residences
    • Investment properties
    • Second homes
    • 1-4 family residences
    • Manufactured homes
    • Planned unit developments
    • Condos
    • Modular Homes


  • Gift Funds Allowed
  • 97% LTV
  • DTI up to 50%
  • One year tax returns for self employed borrowers, FHLMC only

Conventional, No MI (Mortgage Insurance)

  • Max LTV: 95%
  • DTI up to 50%
  • Fixed and ARM available
  • $417,000 loan amount max

Conventional 80/15/5

  • Borrower can put as little as 5% down to avoid MI
  • Fixed and ARM Available
  • $424,100 loan amount max on the first mortgage portion
  • 20 year fixed second with no balloon payment

Already A Home Owner?

Borrowers can refinance their primary residence, investment properties and second homes, and/or turn their equity into cash using a cash-out transaction. One final consideration of conventional refinance loans is the Home Affordable Refinance Program (HARP). This program is designed to help homeowners with little or no equity in their property refinance into a lower rate conventional loan.