Conventional Loans


Your home loan product offerings would not be complete without the foundation of conventional home loans for your members.

  • Simply a loan that is not issued or insured by a federal agency
  • Usually a 30-year fixed rate term
  • Typically requires at least a 10 - 25% down payment, but can go as low as 3% for first-time home buyers
  • Requiring larger down payments, conventional loans may offer better interest rates than non-conventional loans
  • Loans with less than a 20% down payment may require private mortgage insurance (PMI)



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