The Conventional Loan
Flexibility, Strategy, and Long-Term Strength
Conventional loans remain the benchmark of stability and flexibility in modern home financing. Ideal for well-qualified buyers, these loans reward strong financial foundations with more control, fewer restrictions, and long-term equity growth. Whether you're purchasing your primary residence, an investment property, or a second home, the conventional loan offers balance — between strategy and freedom.
Highlights of a Conventional Loan
- Best For: Buyers with strong credit and consistent income looking for competitive rates and full ownership flexibility.
- Down Payment: Available with as little as 3% down — or 20% to remove PMI entirely.
- Property Types: Eligible for primary homes, vacation homes, and investment properties.
- Rates & Terms: Competitive interest rates tailored to your credit profile and long-term plan.
- Process: Streamlined underwriting for qualified borrowers with stable income and assets.
What Defines a Conventional Loan
Unlike government-backed mortgages such as FHA or VA, conventional loans are underwritten by private lenders and adhere to standards set by Fannie Mae and Freddie Mac. This gives borrowers greater flexibility in loan structures, property use, and mortgage insurance options — while often rewarding financial readiness with lower costs over time.
Essential Documentation
Identity & Verification
- Driver’s License & Social Security Card
- Residency or Green Card (if applicable)
- Divorce or child support documentation (if applicable)
Income & Employment
- Two years of W-2s or 1099s
- Two recent years of tax returns
- Recent pay stubs (minimum two months)
Common Questions
- How does it compare to FHA? Conventional loans typically require higher credit but offer lower long-term insurance costs and the option to cancel PMI once 20% equity is reached.
- Who qualifies? Strong credit, low debt-to-income ratio, and consistent employment are key. Lenders will tailor approvals based on your complete profile.
- Is PMI required? Only if your down payment is under 20%. Once you reach that equity mark, PMI can be removed — improving monthly affordability.
Strategic Financing Starts with Clarity
Conventional financing rewards preparation and precision. Our team partners with trusted lenders to help you identify the best structure, terms, and strategy for your goals.
Begin Your Exclusive StrategyContact
info@nvhomeslv.com | NV License Numbers
4495 South Pecos Road
Las Vegas, NV 89121
