Reliable Financing With Flexible
Options
Conventional loans are ideal for borrowers with solid credit and steady income. They offer stability, predictable payments, and competitive terms.
• Flexible Terms
Choose from fixed or adjustable rates to fit your needs.
Affordable Options
Down payments as low as 3% for qualified buyers.
Trusted Choice
The most widely used mortgage program in the U.S.
Why Choose a Conventional Loan?
A conventional loan offers competitive rates, flexible terms, and fewer restrictions—giving buyers more control. Discover why it’s often the smartest choice for homeownership.
Lower Interest Rates for Qualified Borrowers: Especially for those with good credit and stable income.
Variety of Property Types: Available for primary homes, second homes, and investment properties.
No Private Mortgage Insurance (PMI) With 20% Down: Avoid PMI if you put down at least 20%.
Higher Loan Limits: Conventional loans often have higher limits than government-backed loans.
Types of Conventional Loans
Conventional loans aren’t one-size-fits-all—they come in options tailored to different needs. Explore the main types to find the best fit for your homeownership goals.
Conforming Loans: Loans that meet Fannie Mae and Freddie Mac's guidelines, with limits set by the Federal Housing Finance Agency (FHFA).
Non-Conforming (Jumbo) Loans: For properties that exceed conforming loan limits, often used for luxury homes.
Fixed-Rate Loans: Stable interest rate and monthly payments over the life of the loan.
Adjustable-Rate Mortgages (ARMs): Lower introductory rates that adjust after a set period.
How to Apply for a Conventional
Loan
Learn how to apply for a conventional loan, from credit requirements to paperwork, with this simple step-by-step guide.
Pre-Approval: Get pre-approved by providing your income, assets, and credit score to a lender. This helps you understand your buying power.
Loan Shopping: Compare rates and terms from different lenders to find the best fit for your situation.
Submit Your Application: Provide required documentation, such as tax returns, pay stubs, and credit reports.
Underwriting Process: The lender will review your financial details, property appraisal, and other factors to approve the loan.
Closing: Once approved, finalize your loan and take ownership of your new home.
Conventional Loan vs. FHA Loan:
Which is Right for You?
Trying to decide between a Conventional Loan and an FHA Loan? Here's a clear breakdown to help you choose the best mortgage option for your needs.
Credit Requirements: FHA loans are more lenient on credit scores, while conventional loans typically require higher scores.
Down Payments: FHA loans require 3.5% down, while conventional loans can go as low as 3% for first-time buyers.
Mortgage Insurance: FHA loans require mortgage insurance for the life of the loan, while conventional loans allow you to remove PMI after reaching 20% equity.
Estimate Your Affordable Monthly Payment
Take the guesswork out of home financing. Use our simple mortgage calculator to estimate your monthly payment in seconds. With just a few details: loan amount, interest rate, and loan term – you’ll see an accurate breakdown of what your monthly payments could look like. Start planning your next move with confidence today!
Estimate Your Monthly Payment
Client Success Stories
Don't just take our word for it. Here's what our satisfied clients have to say about their home buying journey.
Robert & Sarah J.
Miami, FL
"Relay Home Loans made the impossible possible. We had a complex income situation, but they navigated it with ease. We are now happily living in our dream home!"
Michael D.
Fort Lauderdale, FL
"The best rate I could find, period. The process was smooth, transparent, and fast. Highly recommended for anyone looking to refinance."
Amanda L.
Boca Raton, FL
"As a first-time homebuyer, I was terrified. Relay Home Loans walked me through every step, explained everything clearly, and got me a great deal."
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Unlocking Homeownership: HomeReady SPECIAL PURPOSE Credit Program
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Frequently Asked Questions
Have questions? We're here to help you understand the mortgage process.
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