A conventional loan is a mortgage not insured by a government agency, and it’s the most common loan in America for a reason: flexible terms, competitive rates for qualified borrowers, and down payments as low as 3% for eligible buyers. Conventional financing works for primary homes, second homes, and investment properties, with loan amounts up to the conforming limit — and jumbo options above it.
Good fit if: you have steady income, a credit score generally of 620 or higher (stronger credit earns better pricing), and at least 3–5% down. One advantage borrowers love: private mortgage insurance (PMI) on a conventional loan can be removed once you reach 20% equity, unlike FHA insurance, which often lasts the life of the loan. Fixed and adjustable rates are both available, with terms from 10 to 30 years.
Because I shop 240+ lenders, I can compare how different lenders price your exact credit profile — conventional pricing varies more between lenders than most people realize. Talk to me and I’ll show you the comparison, not just one number.
True Home Lending is operated by Navaneet Dutt, Mortgage Loan Originator, NMLS #2262708, with Loan Factory, NMLS #320841. All loans are subject to credit and property approval. Program availability, rates, terms, and conditions are subject to change without notice and may vary by state, lender, and borrower profile. Not all applicants will qualify. This content is for education only and is not a quote, a loan approval, or a commitment to lend. Equal Housing Opportunity.