Conventional Loans
The flexible standard, ideal for borrowers with solid credit and steady income.
Buying a home? Compare conventional loan options alongside your down payment, credit profile, and monthly budget.
Start with a conversation. The full application opens in ARIVE and is the place for financial details and documents.
About Conventional Loans
Conventional loans aren't insured by a government agency. They offer a range of terms for primary homes, second homes, and investment properties. Lee can compare the rate, fees, and mortgage insurance with other programs for your situation.
Key benefits
Programs cover eligible houses, condos, and two- to four-unit homes. The property and borrower still need to meet the selected program's requirements.
For many conventional loans, you can request PMI cancellation at 80% of the home's original value, subject to requirements. Automatic termination generally follows the scheduled 78% date if payments are current.
The 2026 baseline conforming limit for a one-unit home is $832,750. Limits vary by county and number of units.
Compare fixed and adjustable rates, loan lengths, upfront costs, and monthly payments before choosing a loan.
The process
- Discuss your budget and plans with Lee
- Submit income, asset, and credit docs securely
- We compare available wholesale loan options for your file
- Appraisal, underwriting, and final approval before closing
Conventional FAQ
- As little as 3% for first-time buyers, 5% for most other borrowers. You can also put 10%, 15%, 20% or more, the more you put down, the lower your monthly payment and mortgage insurance cost.
Check the program details
Requirements vary by borrower, property, and lender. These official sources explain the program rules and annual limits.
Not sure which one fits?
We'll help you compare. Here's what else is on our rate sheet.
Ask about Conventional loans
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