top of page
AdobeStock_207629899-scaled-1.jpeg

What is a Conventional Loan?

Conventional loans can be used to purchase or refinance a home. They include fixed-rate mortgages and adjustable-rate mortgages. Typically, a conventional loan requires a minimum down payment of 3% for owner-occupied homes, 10% for vacation homes, and 20% for investment properties. Private mortgage insurance (PMI) is waived with a 20% down payment for all types of occupancy. This loan product is often the choice for well-qualified buyers and those seeking non-owner occupied mortgages.

​

Our qualified and experienced loan officers at URMortgageExpert, led by Taya Ann Finley, can help you decide which type of conventional loan is the perfect fit for you.

Thanks for submitting!

UrMortgage Expert

720.385.8642

Licensed Mortgage Loan Originator, Colorado and FloridaNMLS 278072Colorado MLO # 100034553Florida LO # 96920

  • Facebook
  • LinkedIn
bottom of page