Conventional Loans

If you are planning to borrow $647,200.00 or less, you’ll likely want a conforming conventional loan. Since conventional loans are not made by a government entity but instead Fannie Mae and Freddie Mac, the established guidelines generally call for a minimum credit score, certain income requirements, and a minimum down payment of at least 3%.

Find the perfect home loan

Benefits of Conventional Loans

Different Loan Term Options*

*15, 20, or 30-year loan term options are available, or pick your own length of term.

Fixed & Adjustable Rate Options

Can Be Used to Finance Primary, Vacation, & Rental Properties

Find out what you qualify for.

Conventional Loan Requirements

  • Loan Amount
    • $715,000 or less
  • Minimum Credit Score
    • 620
  • Down payment amount
    • Minimum of 3% down payment
  • Fixed & Adjustable rate options
  • Different Loan Term options
    • 15, 20 or 30-year loan term options are available or pick your own length of term

Getting Started is Simple

Meet with a Loan Officer

Click the “Get Started” button on the top right corner of this page and fill out the form. Once receive your form, a Loan Officer will review it before reaching out to gather more information about your specific situation.

Get Pre-Approval

You will provide us with some documentation and start your application. We will use that information to provide you with a formal pre-approval letter so you know how much home you qualify for.

Start Looking for Your Dream Home

Now you can get with your Realtor to find your dream home and put in a strong offer. We provide a variety of different programs to help your offer stand out.

Read the latest on Conventional Loans

How to Buy a House Together If You’re Not Married

Learn how to get a mortgage in Charlotte together when you’re not married. We cover credit, income, and other factors that affect mortgage approval. See the best options for unmarried couples in securing a mortgage and owning a home in Charlotte.