Loan Program
Conventional mortgages, structured for real borrowers.
The most flexible product on the market — and usually the best long-term rate for buyers with solid credit and steady income.
3%
Min down
620
Min FICO
$806k
Loan limit (Marion)
10–30 yr
Term
Best fit for
- First-time buyers with strong credit and 3–5% saved
- Move-up buyers using existing home equity
- Borrowers who plan to drop PMI once they cross 20% equity
Worth knowing
- PMI is required below 20% down (cancellable later)
- Pricing tightens for condos and non-warrantable projects
- Debt-to-income ceilings are stricter than government loans
Questions we hear
- How much do I need to put down?
- Conventional loans go as low as 3% down for first-time buyers and 5% for repeat buyers. Below 20%, you'll carry private mortgage insurance until you reach 20% equity.
- What credit score do I need?
- Most conventional programs require a 620 FICO; you'll see better pricing at 720+ and best pricing at 760+.
- Can I use a gift for the down payment?
- Yes — documented gifts from family are allowed on conventional loans. We'll walk you through the donor letter and paper trail.