Designed for borrowers with good or excellent credit. Loan amount is generally limited to $424,100 for a single-family home, although amounts may be higher in regions where home prices are higher. Fixed and adjustable rate options are available. Down payments as low as 3.00% with no mortgage insurance for loans with down payments of 20% or greater.
Dedicated loan advisor to help you every step of the way
Mortgage Service Guarantee —We'll close your loan on time or pay you $500.
Fixed and adjustable interest rates available. Learn about the differences here.
Competitive rates and flexible terms
Cash out options available
Choose to purchase or refinance
Options available to tailor your mortgage to your specific situation
There are two kinds of conventional loans. One is a fixed rate mortgage and the other is an adjustable rate mortgage.
Fixed Rate Mortgage
The fixed rate option is best if you are planning to own your home for at least 7 years. For as long as you have your loan, the total amount of your principal plus interest will not increase.
Adjustable Rate Mortgage
An adjustable rate mortgage is a loan with an interest rate that may fluctuate over time but only after an initial "fixed" period (typically 5 or 7 years).