A Conventional Loan is one of the most widely used mortgage types in the United States and for good reason. It offers competitive interest rates, flexible repayment terms, and the ability to finance various types of properties.

Unlike FHA or VA loans, conventional mortgages are not backed by the federal government. This means they typically have stricter credit and income requirements, but they offer more flexibility for qualified borrowers.

At Solutions Mortgage Lending Group, we provide conventional loan options for both home purchases and refinances. Whether you’re a first-time buyer or a seasoned homeowner, this program can be tailored to your financial goals.

One of the key advantages of a conventional loan is the ability to avoid private mortgage insurance (PMI) if you put down at least 20%. This can significantly reduce your monthly payment and long-term costs.

We offer both fixed-rate and adjustable-rate options under the conventional loan umbrella. Fixed-rate loans provide predictable payments, while adjustable-rate mortgages (ARMs) may offer lower initial rates and are ideal for short-term homeowners.

Our program supports primary residences, second homes, and investment properties. We also offer high-balance options for buyers in areas with higher home values, ensuring that your financing can match your ambitions.

Qualifying typically requires a credit score of 620 or higher, a stable income, and a debt-to-income (DTI) ratio under 45%. If you’re close but not quite there, our team can help you prepare with credit tips and financial strategies.