Conventional Home Loans – Flexible, Low-Cost Financing for Qualified Buyers

Explore conventional mortgage options with flexible terms, low rates, and no upfront mortgage insurance. Perfect for buyers with strong credit or larger down payments. 

Looking for a flexible home loan with competitive rates and fewer long-term costs? Conventional loans are ideal for homebuyers or homeowners with solid credit, steady income, and a strong financial foundation. Whether you're purchasing your first home, upgrading, or refinancing, conventional loans offer versatile terms and the ability to eliminate mortgage insurance once you hit 20% equity.

At Zion Investors Mortgage Lending, we help you compare your options and customize the right conventional loan for your goals.

• ✅ Low interest rates for qualified buyers
   
• 💸 No upfront mortgage insurance (unlike FHA loans)
   
• 🔓 Remove PMI once you reach 20% equity
   
• 📆 Available in fixed and adjustable-rate terms
   
• 🏠 Can be used for primary, second homes, or investment properties
   
• 💼 More flexible appraisal and underwriting options compared to FHA

You may be a great fit if you:

• Have a credit score of 620 or higher (the higher, the better the rate)
   
• Have a stable income and employment history
   
• Can make a 3–20% down payment
   
• Have a debt-to-income ratio under 45%
   
• Are buying a single-family, multi-unit, second home, or investment property
   

Absolutely. You can:

• Refinance from FHA to conventional to remove mortgage insurance
   
• Lock in a lower rate or shorter term
   
• Use a cash-out refinance to access equity for renovations, debt consolidation, or other goals
   

Can I get a conventional loan with only 3% down?
Yes! First-time buyers may qualify for Conventional 97 programs with just 3% down.

Do I need perfect credit?
Not at all. While higher scores get better rates, you can qualify with a score of 620 or above.

Are conventional loans only for primary homes?
No—you can use them for second homes and investment properties, too.