Real EstateOfficial source

Conventional Home Loans

As low as 3% downFor qualified first-time buyers · not government-insured

Conforming conventional loans follow Fannie Mae/Freddie Mac guidelines and can offer low down payments for well-qualified buyers, with mortgage insurance removable at 20% equity.

Who it's for

Buyers with solid credit who want flexible terms and the ability to drop mortgage insurance later.

General eligibility

Meets Fannie Mae/Freddie Mac conforming guidelines
Stronger credit typically means better pricing
Primary, second-home and investment options exist

What you'll typically need

Down payment from 3% (first-time) to 20%+
Private mortgage insurance if under 20% down
Income, asset and credit documentation

Program information summarized from the agency's public materials. Not an offer of credit, a guarantee of eligibility, or an endorsement by the agency. Requirements change over time — always confirm current details with the agency or a licensed professional.