Conventional loans
The workhorse loan, shopped the way it should be.
Down payments from 3% and mortgage insurance you can cancel. We make dozens of wholesale lenders compete for your file instead of letting one bank name its price.
Program snapshot
Conventional at a glance
- Down payment
- from 3%
- Credit score
- from 620
- Mortgage insurance
- cancellable
- Occupancy
- primary, second, investment
- Loan terms
- 10 to 30 years
Program minimums, not an offer or approval. Your terms depend on the full application.
Why conventional earns its keep.
The default choice for strong files, and more reachable than most people think.
from 3%
down payment
Low down, not just 20%
The 20% rule is a myth. Strong first-time buyer options start at 3% down, and 5% covers most everyone else.
- First-time buyer programs at 3% down
- Gift funds from family allowed
- Pairs with our down payment assistance
cancellable
mortgage insurance
MI that actually goes away
Unlike FHA, conventional mortgage insurance can be cancelled once you reach 20% equity. Strong credit can shrink it to almost nothing from day one.
- Drops off at 20 to 22% equity
- Priced to your credit, so we shop it
- No upfront mortgage insurance fee
any home
primary, second, investment
The most flexible use case
Primary residences, second homes, investment properties, 1 to 4 units. One program covers the whole map of ownership.
- Second homes and rentals allowed
- Condos, townhomes, multi-unit
- Terms from 10 to 30 years
The brokerage difference
Your bank has one conventional loan. We have a market of them.
We run both engines
Fannie Mae and Freddie Mac each have their own automated underwriting system, and they don't always agree. We run both and keep whichever answer is better for you. A bank locked into one engine only sees half the picture.
Lenders compete for your file
Conventional pricing moves daily and varies more between lenders than most borrowers ever find out. We shop your scenario across our wholesale network of dozens of lenders and hundreds of programs, then lock the winner.
Appraisal waivers when they fit
Eligible files can skip the appraisal entirely, saving days and hundreds of dollars. We structure your file to catch that waiver whenever the data supports it.
Wholesale speed
Wholesale lenders win business on turn times, so your file is underwritten in days, not weeks. One team handles it start to finish and you always know where things stand.
Three steps to a locked rate.
- 1
Tell us your scenario
Two minutes online. No credit pull, no documents yet.
- 2
We shop the market
Both underwriting engines, dozens of lenders, mortgage insurance quotes included. You see the best options side by side.
- 3
Lock and close on schedule
Wholesale turn times keep even tight contracts on track, and we keep you posted the whole way.
The quick eligibility check.
- Credit scores from 620
- Down payments from 3%
- Primary, second home, or investment
- 1 to 4 unit properties
- Gift funds allowed
- MI cancellable at 20% equity
Short on down payment? Our down payment assistance programs pair with conventional loans too.
Straight answers
Do I really need 20% down?
No. That number refuses to die, but conventional loans start at 3% down for first-time buyers and 5% for almost everyone else. 20% just means no mortgage insurance. We will show you the payment both ways so you can decide with real numbers.
When does the mortgage insurance go away?
You can request cancellation once you reach 20% equity, and it drops automatically at 22%. Rising home values count toward that. This is the biggest structural advantage over FHA, where the insurance usually stays for the life of the loan.
What credit score do I need?
620 is the program minimum. Pricing improves as scores rise, and because mortgage insurance is priced to credit too, shopping both the lender and the MI company matters. That is exactly what we do on every file.
Can I use a conventional loan for a rental or second home?
Yes. Conventional is the main program that covers second homes and investment properties. Down payment requirements are higher than a primary residence, and we will map those out for your scenario.
Why go through a brokerage instead of my bank?
Three reasons. We run both automated underwriting engines instead of one. We make dozens of wholesale lenders compete on your pricing instead of taking one shelf rate. And wholesale lenders have fewer overlays, the extra rules banks stack on top of actual guidelines. Same loan, more ways to win.
Two minutes. No obligation. Real numbers.
Find out what a conventional loan looks like when lenders have to compete for it.
Guthix Lending • NMLS# 2672037 · Program terms are subject to change and to credit and property approval. Down payment minimums, mortgage insurance treatment, and pricing depend on the full application, occupancy, and loan program. Not all borrowers will qualify. This is not a commitment to lend or an offer of specific terms.