Conventional Loans
Traditional Fannie Mae and Freddie Mac financing for W-2 and documented-income borrowers, with our AI-native speed.
What is a Conventional loan?
A Conventional loan is a mortgage that follows Fannie Mae and Freddie Mac guidelines and is not insured by a government agency. It's the most common way to buy or refinance a home when you can document income with W-2s, pay stubs or tax returns.
With 20% down there's no mortgage insurance. With less down, private mortgage insurance applies and can be removed once you build enough equity.
Key benefits
As little as 3% down
Low down payment options for eligible buyers.
Removable mortgage insurance
Mortgage insurance can be removed as you build equity.
Primary, second home or investment
Finance more than just your primary residence.
Fast closings
Our automated workflow helps you close in as fast as 14 days.
Basic requirements
- Typically 620+ credit score
- As little as 3% down for eligible buyers
- Documented income (W-2s, pay stubs or tax returns)
- DTI within program guidelines
- Loan amount within conforming limits
Eligibility depends on credit, income, assets and property. Get pre-approved for exact terms.
Who it's for
- W-2 employees with documented income
- First-time and repeat home buyers
- Homeowners refinancing to a lower rate
- Buyers of second homes
Where it's available
Available in California, Colorado, Florida, Illinois, North Carolina, South Carolina, Tennessee, Texas, Oregon, Pennsylvania, Washington.
See licensing details →How it works
- 1
Get pre-approved
Answer a few questions online. Soft credit pull, results in minutes.
- 2
Upload documents
Securely upload what we ask for in your portal, available 24/7.
- 3
Close fast
Our AI-native underwriting moves your file forward. Close in as fast as 14 days.
Conventional Loans FAQ
Related loan programs
FHA Loans
Government-insured loans with 3.5% down and flexible credit guidelines for primary residences.
Business Bank Statement Loans
For business owners: qualify on 12-24 months of business account deposits, no tax returns.
DSCR Loans
For investors: qualify on the property's rental income, not personal income. All 50 states.
See what you qualify for
Pre-approval in minutes with no impact on your credit score.