Loan programs
Fannie Mae and Freddie Mac financing — the benchmark every other program is measured against.
A conventional loan is one that meets agency guidelines and can be sold to Fannie Mae or Freddie Mac. That standardisation is why it prices better than almost anything else: the lender isn't holding the risk alone.
It rewards documented income and a decent credit profile. If your tax returns show what you earn and your score is over 680, start here — and only move to another program if something in the file won't fit.
How it works
Two years of W-2s or returns, recent pay stubs, and two months of bank statements.
Fannie or Freddie returns a decision in minutes; we price against whichever is kinder to your file.
Fifteen days is normal on a clean purchase file.
Questions
No. Three percent is the floor for a first-time buyer. Under 20% you carry mortgage insurance, which drops off automatically once the balance reaches 78% of the original value.
With a score above 700 and modest debts, conventional almost always costs less over the life of the loan because the mortgage insurance ends. FHA wins on thin credit and higher DTI.
Yes, on a primary residence, with a signed gift letter and a traceable transfer.
Guidelines shown are typical for this programme and are not a commitment to lend. Overlays vary by investor and change without notice; your file is priced and approved on its own facts.
Three minutes of questions and you'll see whether this programme fits — no credit pull.
