Conventional Home Mortgage Loans

Affordable Home Mortgage Options

Acceptance Home Mortgage will work with you closely to get the right home mortgage loan to meet your situation. A conventional loan is available with competitive terms, as little as 5% down, and bank rate financing for 30-, 20-, 15- and 10-year fixed-rate mortgage solutions. Interest rates for conventional home loans may be lower than FHA loans and USDA mortgages. Borrowers who put down less than 20% on a conventional loan will most likely have to pay private mortgage insurance until additional equity is built up.

To learn more, fill out our online form and you'll receive a call back from one of our loan officers the same day.

Facts About Conventional Home Mortgages

• 3% minimum down payment to those who qualify
• 5% minimum down payment for others
• LTV (loan-to-value percentage) down to 80% subject to PMI (private mortgage insurance)
• 10-, 15-, 20-, 30-year terms available
• 29/41 DTI ratios (may exceed with compensating factors) no higher than 50% back-end ratio
• Will finance down to 680 credit score subject to AUS approval
• No income restrictions
• 1-4 unit single-family residences, second homes, and investment properties
• Maximum loan amount $647,200