Conventional Loans
Flexible Financing for a Wide Range of Homebuyers
Conventional loans are a popular financing option for buyers and homeowners because they can be used for primary residences, second homes, and investment properties.
Depending on the program and your qualifications, conventional financing may offer flexible down payment options, fixed or adjustable rates, and loan structures designed for a variety of financial goals.
Conventional loan eligibility, down payment requirements, credit standards, mortgage insurance, loan limits, and available terms vary by borrower, property, and current lender guidelines.
How Conventional Loans Work
Borrower Qualification
The lender reviews your credit, income, assets, debts, and overall financial profile to determine which conventional loan options may be available.
Loan Structure Selection
Depending on your goals, you may choose from different down payment levels, fixed or adjustable rates, and loan terms.
Property & Appraisal Review
The property and appraisal are reviewed to make sure the home and transaction meet applicable conventional lending requirements.
Loan Approval & Closing
Once the borrower, property, and loan terms meet the lender’s guidelines, the loan can move toward closing.
Conventional Loan Requirements to Expect
Credit & Income Review
The lender evaluates your credit profile, income, employment, debts, and ability to repay the mortgage.
Down Payment & Mortgage Insurance
Down payment requirements vary, and mortgage insurance may be required when the down payment is below certain thresholds.
Assets & Reserves
The lender may review funds available for down payment, closing costs, and required reserves depending on the property and loan structure.
Property & Loan Limits
The property type, occupancy, appraisal, loan amount, and current conventional loan limits must meet applicable program guidelines.
Ready to Explore Conventional Financing?
Copyright 2026. All rights reserved. Jennifer Chicano NMLS #1194079 | Zero Point Mortgage Services NMLS #1216108
Equal Housing Opportunity
