Well-qualified buyers, first-time or not
Conventional loans
Flexible, widely used financing for primary homes, second homes and investment properties.
What it usually takes
A down payment of 3%–20% depending on the program, a debt-to-income ratio generally at or below 43%, and steady, verifiable income and employment.
Potential benefits
No upfront mortgage insurance fee like FHA, private mortgage insurance that can be removed once you reach 20% equity, and higher loan limits than FHA in most areas.
Eligibility, limits and terms depend on the program guidelines in effect when you apply and on your full application. This page is general information, not a loan offer.
See if I qualifyOther programs
FHA loans
Lower down payments and flexible credit requirements — one of the most accessible paths to owning.
VA loans
$0 down and no monthly mortgage insurance for eligible veterans, service members and their families.
Jumbo loans
Financing above conforming loan limits for higher-priced homes — up to $10M.