Conventional Home Loans

drawn bubbles play button

You Have Options

Conventional loans are our most popular for a reason. They can be used to purchase or refinance a home, borrowers can opt for fixed or adjustable interest rates, and the minimum down payment is 5%. A 3% down payment option exists for first-time homebuyers and other qualifying borrowers.


After 20% equity is reached in the home, mortgage insurance drops and borrowers can save thousands of dollars over the long term. Sellers are also allowed to assist buyers with closing costs when using a conventional loan. This is also the reason many homeowners that financed homes through FHA loans switch to conventional when refinancing.

A better mortgage.

A better future.

Think your ready to take the leap? Contact us today or Find a Branch near you and together we can prepare you for your journey to financial security.


Helping You to
Understand Your Options

Explore our free e-guides on topics related to homebuying and financial planning.

Related Blog Posts View All

More Resources

Open Mortgage offers a trove of resources from easy, quick videos to detailed educational resources. We’ve got you covered!