Conventional Financing
The traditional path to homeownership, done right.
A conventional loan is a traditional mortgage that is not backed by a government agency, designed for buyers with solid credit and steady income who want a low-risk, competitively priced home loan.
Best for
Homebuyers wanting a traditional mortgage product with low risk and a clear, dependable structure.
Who should choose a conventional loan?
Conventional financing fits buyers with a stable income, a credit score in the mid-600s or higher, and a manageable debt load. It is the most common loan type in America for good reason: flexible terms, competitive rates, and no upfront government funding fee.
Because the loan conforms to Fannie Mae and Freddie Mac standards, it offers predictable pricing and a smooth path to closing for well-qualified borrowers.
How much do you need to put down?
You can put down as little as 3 percent on a conventional loan. Putting down 20 percent removes private mortgage insurance and lowers your monthly payment, but it is not required. High Place Mortgage will model both scenarios so you can choose what fits your cash position.
Key features
- As little as 3% down for qualified buyers
- PMI automatically removable at 20% equity
- Fixed and adjustable rate options
- Competitive rates for strong credit profiles
- Available for primary, second, and investment homes
Conventional Financing
FAQ
Still have a question? Our team answers the phone, every time, and walks you through the details.