Residential mortgage program
Conventional Loans
Flexible mortgage financing for primary residences, second homes and eligible investment properties—without federal mortgage insurance or a government guarantee.
Start an application →Program overview
A widely used path to home financing.
A conventional mortgage is not insured or guaranteed by FHA, VA or USDA. A conforming conventional loan meets Fannie Mae or Freddie Mac requirements and applicable FHFA loan limits; loans above those limits are generally described as jumbo or non-conforming.
Approval depends on the complete borrower profile, including credit history, verified income, employment, assets, debts, occupancy, property type, appraisal and automated or manual underwriting findings.
Program characteristics
Property use
Multiple occupancy options
May support eligible primary residences, second homes and one-to-four-unit investment properties, depending on program rules.
Down payment
Varies by transaction
Minimum borrower contribution and maximum LTV depend on occupancy, units, loan purpose, product and underwriting findings. Some eligible programs permit low down payments.
Mortgage insurance
Risk-based requirements
Private mortgage insurance is commonly required when the first-mortgage LTV exceeds 80%. Cost and cancellation rules depend on law, investor and servicer requirements.
Rates
Fixed and adjustable options
Pricing depends on market conditions, credit, LTV, property, occupancy, loan size, term, points and other risk factors.
2026 limit
$832,750 baseline
The 2026 one-unit conforming limit is $832,750 in most U.S. counties. Higher limits apply in eligible high-cost areas; verify the property county.
Eligible uses
Purchase and refinance
Programs may include purchase, rate-and-term refinance and cash-out refinance, subject to product-specific limits and seasoning requirements.
Underwriting and documentation
| Credit | Credit score, payment history, recent inquiries, housing history, derogatory events and number of financed properties may affect eligibility and pricing. Lender overlays may apply. |
|---|---|
| Income and employment | Paystubs, W-2s, tax returns, business returns, profit-and-loss statements, benefit letters, rental documentation or other evidence may be required based on income type. |
| Assets | Bank, brokerage, retirement and gift-fund documentation may be used to verify down payment, closing costs and reserves. Large deposits may require sourcing. |
| Debt-to-income | Qualifying ratios are evaluated with the complete file and underwriting system. Compensating factors do not guarantee approval. |
| Property | Appraisal, title, insurance, flood-zone, condo/project and property-condition reviews may apply. Property eligibility varies by product. |
Application-to-closing process
Initial review
Share goals, occupancy, property, funds and estimated borrower profile.
Documentation
Provide income, asset, credit and property information requested for underwriting.
Underwriting
The lender evaluates eligibility, appraisal, conditions and final loan structure.
Closing
Review final disclosures, satisfy closing conditions and complete settlement.
Official resources
Verify current limits and requirements.
Conventional application
Request a program review.
Complete the initial request. Do not send Social Security numbers, bank-account numbers or sensitive documents through this form.