A conventional loan is the most common mortgage — flexible, competitive, and available for primary homes, second homes, and investment properties, with low-down-payment options for qualified buyers.
For qualified buyers.
Mortgage insurance drops off once you reach 20% equity.
Choose the term that fits your plan.
Finance more than just your main home.
It depends on your credit, the home and whether you're a first-time buyer — there are low-down-payment options for qualified buyers. A larger down payment can avoid PMI entirely.
Conventional loans generally start around a 620 score, with better rates at higher scores. We'll show you where you stand and how to improve it.
Yes — unlike FHA, conventional PMI can be cancelled once you reach about 20% equity, lowering your payment.
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Tell us a little about your plans and a licensed Clear Home Loans loan officer will follow up to talk through your options. It takes about a minute, with no obligation.