Purchase Products

Conventional Loans

This is a type of mortgage product that is not guaranteed, insured, or part of any government mortgage program. Generally, this program is good option for buyers who hold high credit score, stable employment histories, and are looking to provide ample down payment. Conventional loan enjoy some of the lowest interest rates in the market.

Benefits & Features

  • No Private Mortgage Insurance (PMI) when financing 80% of the loan-to-value or less.
  • Down Payment as low as 3% depending on your credit score and loan amount.
  • Able to waive escrows when financing 80% or the loan-to-value or less.


  • Minimum allowed Fico Credit Score of 620
  • No Bankruptcy Chapter 7 or 11 in the last 4 years.
  • No Bankruptcy Chapter 13 in the last 2 years from discharge date or 4 years from dismissal date.
  • No Short Sale or Deed-in-lieu in the last 4 years.


The loan process many times boils down to what you can afford. A good way to check your potential finances is to utilize a monthly payment calculator such as the one found here with Ready Mortgage Lenders.

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