Flexible financing for a wide range of primary residence, second-home, and investment-property scenarios.
Conventional Education
Conventional Paths
Conventional financing can support several purchase and refinance strategies depending on occupancy, property, credit, income, assets, and loan size.
Conventional financing can support eligible primary-residence purchases with flexible down-payment options based on the complete borrower profile.
Eligible conventional renovation programs may combine a home purchase or refinance with qualified improvement costs in one financing strategy.
Conventional financing may support eligible two- to four-unit properties for owner-occupied or investment scenarios.
Rate-and-term and cash-out refinance options may help eligible homeowners adjust their financing or access available equity.
Qualified borrowers may use conventional financing for an eligible second home when occupancy and property requirements are met.
Conventional financing may support eligible residential investment-property purchases and refinances based on the complete scenario.
Program Details
Use these concise checkpoints as a starting point. Final eligibility, structure, terms, and availability depend on the complete application, property, transaction, and current program requirements.
Minimum Down-Payment Options
Available options depend on occupancy, property type, loan size, and the complete borrower profile.
Credit Profile
Credit history, score profile, recent activity, and the full application are reviewed together.
Occupancy
Primary residences, eligible second homes, and eligible investment properties may be considered.
Property Types
Eligible one- to four-unit homes, condominiums, planned-unit developments, and other supported property types may qualify.
Loan-Size Category
The applicable conforming, high-balance, or non-conforming category depends on location, unit count, and current limits.
Income & Employment
Income, employment, and ability to repay must be documented under the selected conventional program.
Assets & Reserves
Closing funds and post-closing reserves depend on occupancy, property, unit count, and the complete transaction.
Gift Funds
Eligible gift funds may be used when donor, source, transfer, and transaction requirements are satisfied.
Mortgage Insurance
Mortgage insurance may apply based on loan-to-value and structure; coverage, cost, and cancellation rules vary.
Loan Purpose
Eligible purposes may include purchase, rate-and-term refinance, and cash-out refinance.
Appraisal
An acceptable property valuation is required unless the transaction receives an eligible appraisal alternative.
Seller Contributions
Permitted contributions depend on occupancy, down payment, property type, and current program rules.
Program guidelines, rates, terms, loan limits, credit requirements, property requirements, and availability may change. This information is educational and is not a commitment to lend or a guarantee of approval.
Questions
A conventional loan is not insured or guaranteed by a federal government agency. It may follow conforming agency guidelines or another conventional structure.
The amount varies with occupancy, property type, borrower qualifications, and the selected program.
Eligible second-home purchases may use conventional financing when current occupancy and property guidelines are met.
Yes, eligible investment-property scenarios may use conventional financing, generally with different pricing and reserve considerations.
Mortgage insurance may be required when the financing exceeds applicable equity thresholds. The exact treatment depends on the structure.
Gift funds may be allowed in eligible transactions subject to current documentation and program requirements.
They are maximum loan amounts established for loans eligible for purchase by Fannie Mae or Freddie Mac, and they vary by year, county, and unit count.
Your Next Step
Let's review your goals, explore your options, and build a financing strategy around your situation.
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