Broad occupancy options
Eligible conventional programs may finance primary residences, second homes and investment properties with different requirements.
Apply securelyConventional mortgages
A flexible foundation for purchasing or refinancing a home.
Conventional mortgages can serve qualified buyers and property owners across primary-residence, second-home and investment-property scenarios. Comparing structure, mortgage insurance, reserves and total cost helps identify the right path.
Start with the scenario
A broad option for qualified purchase and refinance transactions.
Straight Deal Mortgage can compare eligible programs across a broad wholesale network and help identify the documentation and execution path that fits the complete transaction.
How the program works
Qualification built around the right information.
Multiple term structures
Fixed-rate and adjustable-rate options may be available across several repayment terms depending on the lender and transaction.
Mortgage-insurance choices
When required, private mortgage insurance can vary by coverage, payment method and borrower profile and should be included in the comparison.
A clearer path forward
What to expect.
- 01
Establish the financing profile
Review credit, income, assets, debts, occupancy, property type, down payment and transaction goals.
- 02
Compare eligible structures
Evaluate available terms, rates, mortgage insurance, points, lender credits and total cash required.
- 03
Complete property review
Provide the purchase or refinance documentation required for appraisal, title, insurance and lender underwriting.
- 04
Confirm final terms
Review the final payment, cash to close, loan terms and remaining conditions before closing.
Common questions
Answers before you apply.
What makes a mortgage conventional?
A conventional mortgage is not insured or guaranteed by a federal government agency. Conforming conventional loans generally follow applicable Fannie Mae or Freddie Mac eligibility standards.
Do conventional loans always require 20% down?
No. Eligible conventional purchase programs may allow lower down payments, though mortgage insurance, pricing and qualification requirements may apply.
Can conventional loans finance investment properties?
Yes, eligible investment properties may qualify with requirements that commonly differ from primary-residence financing, including down payment and reserves.
When can private mortgage insurance be removed?
Cancellation eligibility depends on applicable law, investor requirements, payment history, current balance and property value. The servicer should confirm the specific process.
Continue researching
Read the detailed mortgage guide.
Learn the terminology, common documentation, potential tradeoffs and questions to ask before choosing a program.
Program terms, documentation, pricing, lender participation, property eligibility and availability vary by transaction and jurisdiction and may change without notice. All loans are subject to application, credit approval, property review, underwriting requirements and applicable law. This is not a commitment to lend.