Conventional Loans
The flexible standard, ideal for borrowers with solid credit and steady income.
If you've got steady income and decent credit, a conventional loan is usually the lowest-cost path to a mortgage.
About Conventional Loans
Conventional loans aren't backed by a government agency. They offer the widest range of terms, the most competitive rates for strong-credit borrowers, and can be used on primary homes, second homes, and investment properties.
Key benefits
Fewer property restrictions than FHA, VA, or USDA. If it's a house, condo, or multi-unit that Fannie or Freddie will buy, we can likely finance it.
Unlike FHA, private mortgage insurance on a conventional loan automatically falls off once you hit 22% equity (and you can request removal at 20%).
Conforming limits are updated annually, usually well above FHA limits in most Ohio and Kentucky counties.
Without government-agency review, conventional loans often close days faster than FHA or VA.
The process
- Pre-qualification in 15 minutes by phone or secure online form
- Submit income, asset, and credit docs securely
- We shop your file across multiple wholesale lenders for the best rate
- Appraisal, underwriting, and clear-to-close (usually 20-25 days)
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.
Not sure which one fits?
We'll help you compare. Here's what else is on our rate sheet.
Ask about Conventional loans
Lee answers personally. Usually within a business hour.
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