Conventional Standard Loan Program

Conventional loans are fully compliant with Fannie Mae and Freddie Mac guidelines. A Conventional Standard program is a traditional mortgage option with competitive rates and flexible down payments starting at 3%. The program is designed for creditworthy homebuyers looking for a straightforward path to homeownership.

Program features

Loan amounts up to $806,500
FICO 620
Up to 97% LTV
DTI up to 50%
Min down payment 3%

Why choose our Conventional Standard?

Temporary rate buydowns available
No overlays with FNMA/Freddie
Cancelable MI

Program details

Loan amounts up to $806,500
DTI up to 50%
Minimum down payment 3%
LTV up to 97%
Primary residence, second home, investment
At least two consecutive years of stable income and employment
Min 2 months of reserves for second homes, min 6 months of reserves for investment properties, primary residences up to 4 units, and cash-out refinance with a DTI >45%
Gift funds are allowed
Private mortgage insurance is required if down payment is less than 20%
Mortgage history: At least 2 years out of credit events
Eligible property types: Single-family homes, 1-4 units, condominiums, townhomes, PUDs, and manufactured
Eligible terms: 15, 20, 25 & 30 year fixed; 5/6, 7/6, 10/6 ARM
Eligible citizenship: US citizens, Permanent Residents, Non-permanent Residents
Eligible borrowers: Individuals, Revocable & Land Trusts