PRIMARY-RESIDENCE FINANCING
Conventional
A flexible foundation for your primary home.
How it works
Conventional mortgages are not insured by a federal housing agency. Conforming loans follow applicable agency standards; the available loan size depends on the property location and current limits.
Understand the tradeoffs
Compare down payment options, mortgage insurance, fixed versus adjustable rates, and total cash to close. A larger down payment may reduce borrowing costs but also reduces the cash you retain.
What to prepare
Recent pay statements, W-2s or applicable tax returns, bank statements, employment history, and information about monthly obligations.
Your next conversation
Tell John about your planned occupancy, timeline, comfortable monthly budget, and available funds. Ask for a comparison that includes interest, fees, mortgage insurance where applicable, and ongoing property costs. No program description is an approval or a commitment to lend.