A conventional loan with a much smaller deposit.
Conventional 97 loans across Maryland, Virginia, Washington DC, North Carolina and Florida, from our office in Fulton, Maryland.
It is a conventional loan, not a government one. That means the mortgage insurance eventually comes off, which is the whole point.
Applications go out without your personal information attached. You decide who sees it in full.
100+ Lenders
Approval Within 24 Hours
30+ Years of Mortgage Experience
No Credit Pull • No Obligation
Conventional 97 is usually right if this is you
| YOUR SITUATION | WHY THIS LOAN FITS | |
|---|---|---|
| Your credit is decent but savings are thin | This is the gap the program was written to close | Compare with FHA |
| You want the mortgage insurance to end one day | The main advantage over FHA, and the reason to check this first | Conventional loans |
| You have not owned a home recently | Some versions of the program are aimed at first-time buyers | Down payment help |
| You are being helped by family | Gift funds are generally accepted towards the deposit | Down payment help |
| You were told FHA was your only option | It often is not, and the difference over five years can be considerable | Conventional loans |
One application. Better options. Simple process.
One simple application gives us what we need to explore the right mortgage options for your unique situation.
1
Submit the documents
Upload the required documents so we can review your application and move your loan forward.
2
We Shop 100+ Lenders
We compare lenders and find the loan options that fit your situation.
3
You Choose. We Close
Pick the option that works for you. We handle the process from underwriting to closing.
What a Conventional 97 file needs
Reasonable credit
Stronger than FHA asks for. This is the trade you are making for cheaper long-run insurance.
A small deposit
Smaller than most people think a conventional loan requires, which is the point of the program.
Income you can evidence
Standard documentation. Self-employed buyers may be better served by a different route.
A home you will live in
This is for a primary residence, not a rental or a second home.
Room in your budget
Existing debts still count, and conventional guidelines are tighter here than FHA.
Sometimes a homebuyer course
Depending on the version of the program you use.
No rates or figures here on purpose. Yours depend on your credit, the county and the program. A licensed loan officer gives you real numbers on the call.
What to watch for, and we will not bury it
Your credit has to carry it
Conventional prices credit harder than FHA. If yours has taken a knock, FHA may still be cheaper despite the insurance.
It is not automatically better than FHA
It usually is for stronger credit. We price both rather than assuming.
Not every lender offers the same version
There are several variants with different rules. Which one you get depends on where the file is placed.
Nadeem Bhatti
Where we place Conventional 97 loans
Maryland
Virginia
Washington DC
North Carolina
Florida
Texas
We are a mortgage company serving these areas. We do not keep a branch in each one. Every mortgage loan is worked from 8115 Maple Lawn Blvd, Suite 350, Fulton, Maryland.
What buyers ask about Conventional 97
How is this different from a normal conventional loan?
It is a conventional loan with a smaller deposit requirement. Everything else about it, including how the mortgage insurance behaves, works the same way.
Is it better than FHA?
For stronger credit, usually. For weaker credit, usually not. The comparison is the whole conversation and we run it before you choose.
Does the mortgage insurance come off?
Yes, once you own enough of the home. That is the main reason to consider this instead of FHA.
Do I have to be a first-time buyer?
For some versions of the program, yes. For others, no. It depends which lender and which variant your file goes to.
Can family help with the deposit?
Generally yes, with a signed gift letter and a clear paper trail into your account.
See whether this beats FHA for you
Tell us how you get paid. We will price Conventional 97 against FHA and send you both, free.