You can buy a home with a conventional loan from as little as 3% down on your primary residence. Both Fannie Mae and Freddie Mac have low down payment programs that allow borrowers to qualify for a conventional mortgage with lower down payments, reduced mortgage insurance, and easier qualification guidelines. Our conventional mortgage loan options are designed to meet your needs—whether you’re looking for a conventional house loan or exploring other financing options.

• Down Payment: A minimum of 3% down payment is typically required, meeting the standard for a conventional loan down payment. For a primary residence, the down payment can be provided as a family gift, while 10% down is usually needed for a second home and 15% or more for an investment property, in line with conventional mortgage down payment expectations.
• Credit Scores: A minimum credit score of 620 is required, which is ideal for borrowers with fewer blemishes on their credit file and who meet conventional mortgage requirements.
• Occupancy: Financing is available for owner-occupied homes, second homes, or investment properties.
• Proof of Income: Documentation such as W2s, tax returns, etc., is required.