LOAN PROGRAM
Conventional Loans
The most popular choice for buyers with solid credit and stable income.
Conventional loans offer flexible down payment options, competitive interest rates, and the ability to remove PMI once you reach 20% equity. They’re the workhorse of the mortgage industry and for good reason.
HIGHLIGHT
As Little As 3% Down
First-time buyer programs allow as little as 3% down with strong credit.
HIGHLIGHT
High Loan Limits
Up to $806,500 in most areas (higher in high-cost counties).
HIGHLIGHT
Removable PMI
Drop PMI automatically once you reach 22% equity, or request removal at 20%.
HIGHLIGHT
Investment & Second Homes
Conventional financing extends to investment properties and vacation homes.
How Conventional Loans Work
A conventional loan is any mortgage not insured by a federal agency. Most conform to Fannie Mae or Freddie Mac guidelines, which means standardized requirements and competitive secondary-market pricing. Typical terms are 15, 20, or 30 years — fixed or adjustable.
Down Payment Strategy
Putting more down lowers your payment and eliminates PMI sooner. But for many buyers, putting 5%–10% down and keeping cash reserves is the smarter play. Dana will model both scenarios so you see the full picture before deciding.
What You’ll Need
Last 2 years of W-2s and tax returns, 2 months of bank statements, recent pay stubs, ID, and the purchase contract (if buying). Self-employed borrowers will also provide profit & loss statements.
BEST FOR
- Credit scores 620+
- Stable W-2 income
- 3%–20% down payment
- Primary, second, or investment property
Other Programs
LET’S TALK
Ready to start your mortgage journey?
One conversation. Real numbers. Honest advice directly from Dana.
