Conventional Loans
- 3% minimum down payment, if requirements are met
- Standard minimum down payment is 5%
- Seller concessions are limited up to 3-9% of sales price (please call for details)
- PMI required over 80% LTV
- Additional options are available
A conventional loan is any mortgage loan that is not insured or guaranteed by the government (such as under Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs). Conventional loans can be conforming or non-conforming.
