Why Choose a Conventional Loan
Strong fit for qualified borrowers.
From conforming to jumbo options, these loans give you greater flexibility, better rates, and fewer restrictions—perfect for buyers with solid financials.
Higher Loan Limits
Jumbo options allow for larger home purchases in high-cost markets.
No Mortgage Insurance (With 20% Down)
Avoid extra costs with sufficient down payment.
Streamlined Processing
Faster approvals and fewer requirements than some government-backed loans.
Strong Resale Appeal
Properties financed with conventional loans often hold broad market appeal.
Eligibility Requirements
Conventional Loans are available to a wide range of buyers—including first-time homebuyers, move-up buyers, and those purchasing second homes or investment properties. To qualify, applicants generally must meet the following criteria:
Proof of stable employment and verifiable income
A minimum credit score of 620
A debt-to-income (DTI) ratio of 45% or less
Credit Score Guidelines
Conventional Loans typically require higher credit scores than government-backed alternatives. While the minimum qualifying score is 620, stronger credit profiles may be eligible for better interest rates and terms. If your score needs improvement, there are steps you can take to raise it before applying.
Down Payment Options
While a 20% down payment eliminates the need for mortgage insurance, Conventional Loans offer flexibility. Eligible buyers may qualify with as little as 3%–5% down*, depending on the loan program and borrower profile.
Debt-to-Income (DTI) Ratio
Lenders use your DTI ratio to assess your ability to manage monthly payments and existing debt. For Conventional Loans, the typical maximum DTI is 43%–45%. This ratio is calculated by dividing your total monthly debt (e.g., credit cards, auto loans) by your gross monthly income.
Private Mortgage Insurance (PMI)
If your down payment is less than 20%, PMI will be required. The good news: PMI on Conventional Loans can be removed once you reach 20% equity in your home, unlike some government-backed loans that require mortgage insurance for the life of the loan.
Eligible Property Types
Conventional Loans offer greater flexibility in terms of property type. Financing is available for:
Primary residences
Second homes
Investment properties
This sets them apart from government loans, which typically require the property to be owner-occupied.
Conventional Loans
Testimonials
Shawn
Frisco
Tory walked me through every step of my jumbo loan. Smooth process, great rates!
Natalie
Corpus Christi
Thanks to Tory, I avoided PMI and locked in a great rate. Couldn’t be happier.
Jordan
McKinney
I’ve done a few loans, and Tory was by far the easiest to work with.
Hector
El Paso
He helped me understand my options and saved me money in the long run.
Rachel
The Woodlands
Professional, honest, and quick. Tory made financing simple.
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