A conventional home loan allows borrowers more flexibility in loan terms, property types, and underwriting guidelines. These loans often offer some of the most competitive mortgage rates with no funding fees for buyers with steady income and solid credit.
With multiple repayment structures and down-payment options, conventional loans remain one of the most popular mortgage programs for both first-time buyers and repeat homeowners. They work well for borrowers who want predictable monthly payments or the ability to customize their loan terms.
A standard mortgage that meets Fannie Mae and Freddie Mac guidelines, offering competitive rates and flexible terms.
A loan with a stable interest rate for the entire term, ideal for borrowers seeking predictable monthly payments.
loan offering lower introductory rates that adjust over time based on market conditions.
A low-down-payment option for first time homebuyers seeking an affordable loan without a funding fee.
Our experts guide you every step of the way:
We assess your investment objectives and borrowing power.
We find the most competitive products from leading lenders.
From pre-approval to settlement, we handle the paperwork.
We review your loan periodically to keep it aligned with your goals.
Often offers lower overall borrowing costs as there’s no funding fee associated with the loan.
Provides adaptable terms, property options, and loan structures to meet a wide range of financial goals.
Streamlined underwriting allows quicker mortgage pre-approval and closing timelines.
As little as 3% down for first time home buyers or 5% down for those who have owned a home within the last 3 years.
Many homebuyers search for the best mortgage program that balances cost, flexibility, and long-term financial comfort – conventional loans often rise to the top. If you’re comparing loan types, a conventional mortgage can provide predictable terms, strong rate options, and more control over your home-financing strategy.
Whether you’re buying your first home or upgrading to your next, Prism Lending Partners helps you evaluate your eligibility, compare mortgage options, and determine whether a conventional home loan is the best path toward your goals.
