Conventional loans are not government-insured — they come with competitive rates, flexible terms, and down payments as low as 3% for qualified buyers.
Share a few details and our team can walk you through your Conventional financing options.
Prefer to talk now? 954-590-8464A conventional loan is any mortgage not backed by a government agency like the FHA, VA, or USDA. They are the most common type of mortgage in the country — issued by private lenders and often sold to Fannie Mae or Freddie Mac.
Because they are not government-insured, conventional loans reward stronger credit and stable income with better pricing, more flexible terms, and the ability to drop mortgage insurance once you have enough equity.
Conventional loans reward strong credit and stable income with better pricing and real flexibility.
Qualified first-time buyers can put as little as 3% down — and a larger down payment lowers your rate.
Unlike FHA loans, there is no upfront mortgage insurance premium added at closing.
Private mortgage insurance can be removed once you reach 20% equity — FHA mortgage insurance often cannot.
Strong credit and stable income typically earn the most competitive pricing available.
Choose 30-year, 20-year, or 15-year terms to match your budget and your goals.
We compare conventional against FHA and VA to find the lowest total cost for your file.
These are typical conventional guidelines. Your exact scenario is reviewed one-on-one by a specialist.
Conventional loans generally look for a 620 score or better. Higher scores unlock better pricing and lower down payment requirements.
As low as 3% for qualified first-time buyers, 5% for many others. Putting 20% down eliminates mortgage insurance entirely.
Generally up to 45%, with flexibility toward 50% when strong credit and cash reserves are present.
Two years of stable, documented income is typical. W-2, self-employed, and other documentation paths are all available.
Available for primary residences, second homes, and investment properties — each with different terms and pricing.
Standard conforming loan limits apply. Larger amounts may move into our Jumbo program.
Complete one application and tell us about your goals and timeline.
We review your file, check CONVENTIONAL guidelines, and lock your rate.
We handle the details with your agent and title team — keys in hand.
A conventional loan is any mortgage not insured by a government agency. FHA, VA, and USDA loans are government-backed; everything else — including loans sold to Fannie Mae and Freddie Mac — is conventional.
It depends on your credit and down payment. FHA is often easier to qualify for with lower scores, while conventional usually costs less over time for stronger borrowers because mortgage insurance can be removed. We compare both for your file.
Yes — putting 20% down eliminates private mortgage insurance from the start. If you put less down, PMI can typically be removed once you reach 20% equity, which is a key advantage over FHA.
A single application produces a soft or hard inquiry depending on the stage. We walk you through pre-qualification first, so you can see real numbers before anything impacts your credit.
Talk to an Eagles Funding Group specialist about your CONVENTIONAL options — we'll guide you from application to keys.
