What is Conventional Loans?
Conventional loans are traditional mortgage products that are not insured or guaranteed by the federal government. They are originated and funded by private mortgage lenders such as banks, credit unions, and mortgage companies, and are often sold to government-sponsored enterprises like Fannie Mae and Freddie Mac.
At Roxford Holdings, our conventional loan programs offer down payments as low as 3% for qualified borrowers, with the option to eliminate private mortgage insurance (PMI) once you reach 20% equity. This makes conventional loans one of the most cost-effective long-term financing options available.
Conventional loans come in two varieties: conforming loans that meet Fannie Mae and Freddie Mac guidelines, and non-conforming loans (like jumbo loans) that exceed those limits. With flexible term options from 10 to 30 years and both fixed and adjustable rate structures, conventional loans can be tailored to fit almost any financial situation.
How it compares: Conventional loans require higher credit scores than FHA loans but offer the advantage of PMI removal at 20% equity and fewer property restrictions.
Who Qualifies for Conventional Loans?
How to Apply for Conventional Loans
Submit a loan application and get pre-approved with Roxford Holdings
Choose between fixed-rate and adjustable-rate options based on your goals
Complete the property appraisal and underwriting review
Review and sign your closing disclosure documents
Close on your home — typically within 25-40 days from application
Key Features
Benefits
Requirements
Good credit score (typically 620+)
Stable income and employment
Debt-to-income ratio under 45%
Property appraisal required
Adequate reserves recommended
Frequently Asked Questions
Conventional loans are not government-backed, typically require higher credit scores and down payments, but offer more flexibility. FHA loans are government-insured with lower down payment requirements but have more restrictions.
Yes, you can avoid private mortgage insurance by putting down 20% or more. You can also request PMI removal once you reach 20% equity in your home.
Most conventional loan programs require a minimum credit score of 620, though better rates are available for scores of 740 and above.
Ready to Get Started with Conventional Loans?
Get personalized rate quotes and expert guidance for your conventional loans needs.
"They explained to us in very detailed step by step information for first time house buyers."
Jessica A.
First Time Home Buyer
Roxford Holdings Inc
"Buying my first home was something I thought would be impossible, but Martin and his team made the whole process smooth and possible. I highly recommend working with him and his team, they really do make dreams come true."
Rigo D.
First Time Home Buyer
Roxford Holdings Inc
"Martin helped my husband and I refinanced our mortgage. We went to several locations; however, I'm glad we didn't settle. Martin was able to lower our interest rate. The process was fast and smooth; which, it is highly appreciated. Martin, is knowledgeable and respectful. Thanks Martin!!!!"
Araceli M.
Mortgage Refinance Client
Roxford Holdings Inc
"They explained to us in very detailed step by step information for first time house buyers."
Jessica A.
First Time Home Buyer
Roxford Holdings Inc
"Buying my first home was something I thought would be impossible, but Martin and his team made the whole process smooth and possible. I highly recommend working with him and his team, they really do make dreams come true."
Rigo D.
First Time Home Buyer
Roxford Holdings Inc
"Martin helped my husband and I refinanced our mortgage. We went to several locations; however, I'm glad we didn't settle. Martin was able to lower our interest rate. The process was fast and smooth; which, it is highly appreciated. Martin, is knowledgeable and respectful. Thanks Martin!!!!"
Araceli M.
Mortgage Refinance Client
Roxford Holdings Inc