Conventional Loans
The most popular loan for qualified buyers
Conventional loans are not government-backed, which means they often offer more flexibility in loan amounts, property types, and terms. With strong credit and a solid down payment, you can access some of the most competitive rates available.
3%
Min. Down Payment
620+
Min. Credit Score
$806,500
Loan Limit
21–30 Days
Typical Close
Key Features & Benefits
- No upfront mortgage insurance with 20% down
- PMI removable once you reach 20% equity
- Fixed and adjustable rate options
- Flexible property types including condos
- Competitive rates for 740+ credit scores
- Primary, second home, and investment properties
Best For
- Strong credit borrowers
- Move-up buyers
- Second homes
- Investment properties
May Not Be Ideal If
- Borrowers with credit below 620
- Those needing very low down payment without PMI
- Non-warrantable condos
How It Works
Your Path to Closing
Get Pre-Approved
We review your credit, income, and assets to issue a full pre-approval letter — typically within 24 hours.
Find Your Home
Shop with confidence knowing exactly what you can afford. Your pre-approval letter strengthens every offer.
Underwriting & Appraisal
We order the appraisal and process your file. Most conventional loans clear underwriting in 7–14 days.
Close & Get Keys
Sign your final documents, fund the loan, and receive your keys. Most purchases close in 21–30 days.
Common Questions
Frequently Asked Questions
Also Consider
Other programs that may fit your situation
Ready to Get Pre-Approved?
Talk to a CFGC loan officer today — no pressure, no obligation, response within 1 business day.
All loan programs subject to credit approval. Rates, terms, and availability subject to change without notice. Not a commitment to lend. Capital Financial Group Corporation — NMLS #2547138. Equal Housing Lender. www.nmlsconsumeraccess.org