The standard route and usually the cheapest one.
A conventional loan is the loan most people end up with, and for good reason. It can offer good rates, flexible terms, and a bunch of options depending on what you are trying to do with your home purchase. We compare conventional loan options across 100+ lenders, so you are not stuck picking the first offer you see. We want to help you find the loan that actually fits your budget and your goals.
100+ Lenders
Approval Within 24 Hours
30+ Years of Mortgage Experience
No Credit Pull • No Obligation
One application. Better options. Simple process.
One simple application gives us what we need to explore the right mortgage options for your situation.
1
Submit the documents
Upload the required documents so we can review your application and get your loan moving.
3
You Choose. We Close
Pick the option that works best for you. We handle everything from underwriting to closing.
What a conventional file needs
A credit history worth reading
Lenders read the story behind your score. Higher scores price better; 620 can still work.
A deposit
Your down payment affects pricing and mortgage insurance. Family gift funds are usually accepted.
Income you can evidence
W-2s and pay stubs make proving income easy. Self-employed borrowers may fit another program better.
Room in your monthly budget
Car payments, credit cards, and student loans reduce how much monthly payment you can afford.
A property that qualifies
Condos, rural addresses, and homes needing major repairs narrow the list of willing mortgage lenders.
A loan inside the county limit
Each county sets its own conforming limit. Above it, your loan becomes a jumbo loan.
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
Credit is priced harder here
Conventional loans charge more for a weaker credit history than FHA loans do. If your credit has taken a hit recently, we will price both programs and show you which one actually costs less in your case.
Mortgage insurance does not remove itself
It falls away once you own enough of your home, but almost nobody is told to actually ask for it to be removed. We check in with our clients when they hit that point so it does not get missed.
The county ceiling moves
What counts as conventional in Fairfax is different from what counts as conventional in Baltimore or Charlotte. We check your county before you write an offer, so there are no surprises later.
Nadeem Bhatti
Where we place conventional loans
Maryland
Virginia
Washington DC
North Carolina
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 loans
Is a conventional loan better than FHA?
It really depends on your credit. Above a certain credit score, a conventional loan vs. FHA comparison usually favors conventional, since it costs less over five years. Below that score, FHA usually wins. We price both side by side before you have to choose anything.
Can my family help with the deposit?
Yes, gift funds from family members are generally accepted for a conventional loan down payment. Your lender will usually ask for a short letter confirming the money is a gift and not something you need to repay.
When does the mortgage insurance stop?
Once you have built enough equity, typically around 20 percent, mortgage insurance on a conventional loan can be removed. This is one of the biggest benefits of conventional loan programs compared to FHA, where insurance often stays for the life of the loan.
Can I use a conventional loan for a rental?
Yes, though a conventional loan for a second-home purchase has different requirements than buying a full investment property. Rental properties usually need a larger down payment and slightly higher credit than a second home or primary residence would.
What if my credit is not strong?
If your credit needs some work, we will compare a conventional loan with a 620 credit score against FHA pricing so you can see which one actually costs less for you right now. Sometimes FHA makes more sense short-term, with a plan to refinance into conventional once your credit improves.
What is the difference between FHA and conventional mortgage loans?
The core difference between FHA and conventional mortgage loans comes down to credit flexibility and mortgage insurance. FHA is easier to qualify for with lower credit, while conventional rewards stronger credit with better long-term pricing and insurance that eventually goes away.
Can I refinance my VA loan into a conventional loan?
Yes. Many homeowners choose to refinance a VA loan to conventional loan financing once they have built enough equity and want to move away from VA funding fees, or once the property is no longer their primary residence.
Is a conforming loan the same as a conventional loan?
Mostly yes. A conforming loan vs conventional comparison usually comes down to loan size. A conforming loan is a conventional loan that stays within your county’s set loan limit. Go above that limit, and it becomes a jumbo loan instead.
See whether conventional is your cheapest route
Tell us how you get paid. We will price conventional against the alternatives and send it to you in writing, free.