Conventional Mortgage Lender
Conventional home loans are mortgage loans that are not insured or guaranteed by a government agency such as the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), or the Department of Agriculture (USDA). These loans are guaranteed by either Fannie Mae and Freddie Mac, and are offered by private lenders like banks, credit unions, or mortgage companies.
Conventional Home Mortgages can be used to purchase primary, secondary, and investment properties. In this way, conventional loans differ from other types of mortgage loans by allowing for different property uses. Conventional mortgages have different criteria and are ideal for borrowers who have higher credit scores. Subsequently, conventional mortgage loans usually require less documentation than VA Home Loans, FHA Home Loans, or USDA Home Loans which makes for easier qualifying for good credit buyers. The factors considered when applying for Conventional Home Loans are the borrower’s financial history, income, credit score, and down payment compared to the sales price of the home.
Key aspects of conventional loans:
Down Payment: Typically, conventional loans require a higher down payment compared to government-backed loans. Down payment requirements can vary but often range from 3% to 20% of the home’s purchase price. However, a larger down payment can sometimes lead to better loan terms.
Credit Score: Generally, conventional loans have stricter credit score requirements compared to government-backed loans. A good credit score is usually necessary to qualify for favorable interest rates.
Private Mortgage Insurance (PMI): If the down payment is less than 20% of the home’s value, lenders usually require borrowers to pay for private mortgage insurance. PMI protects the lender in case the borrower defaults on the loan. Once the borrower’s equity in the home reaches 20%, they can request to cancel the PMI.
Loan Limits: Conventional loans have loan limits set by Fannie Mae and Freddie Mac, which are the two government-sponsored enterprises that buy and sell mortgages. These limits dictate the maximum loan amount that can be considered a conventional loan. Loan limits vary by location and are updated annually.
Interest Rates: Interest rates for conventional loans can vary based on factors such as credit score, down payment, loan term, and market conditions. They might be fixed-rate (the interest rate remains constant throughout the loan term) or adjustable-rate (the interest rate can change periodically).
Loan Terms: Conventional loans offer various loan term options, typically ranging from 10 to 30 years.
People often opt for conventional loans when they have good credit, a stable income, and a down payment ready. These loans can offer flexibility in terms of loan amount, property type, and loan terms, but they do have higher qualification criteria compared to some government-backed loan programs.
For more information on a specific area please contact one of our licensed loan officers. Call today to speak to a licensed mortgage officer (800) 804-5181.
Why HomeBuyers Are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Low Fees
Exceptional Service
7 Day a Week Support Application to Final Mortgage Payment
Capital Home Mortgage Rates
Have you ever wondered why interests rates are what they are and what determines the final rate? Why borrowers receive different interest rates? Or why rates go up and down? Interest Rates are calculated using several factors.
- Demand for the mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Conventional Purchase Loans

Conventional Purchase Loans are one of the most popular types of loans and a great choice for many home buyers. Conventional mortgages can be used to purchase any type of occupancy, while FHA, USDA, VA and Native American Loans are restricted to primary residence only. Conventional mortgages are great for borrowers that have higher credit scores and typically have easier qualifying.
- Freddie Mac or Fannie Mae Insured
- Primary, 2nd or Investment Homes
- Single and Multi Family
- Condo’s and Manufactured Homes
- Mortgage Insurance Options
- Lower Rates & Fleixble Terms
- Maximum Loan Amount – $715,000
- High Balance (Varies By County)
Conventional Refinance Loans

Conventional Refinance Loans are used for more refinances than any other type of mortgage loan. This is due to Conventional loans allowing for all occupancy and property types and typically don’t require any mortgage insurance due to loan to value requirements. Conventional mortgages due require higher credit scores but offer better rates.
- Freddie Mac or Fannie Mae Insured
- Primary, 2nd or Investment Homes
- Single and Multi Family
- Condo’s and Manufactured Homes
- Mortgage Insurance Options
- Lower Rates & Fleixble Terms
- Maximum Loan Amount – $715,000
- High Balance (Varies By County)
Conventional Renovation Loans

Want a new home? Don’t want to purchase a home from a builder? Prefer the charm of an older home, or the elegance of a mature neighborhood… Or just want the perfect location close to town. Making your dream home come true might just be updating that older home.
- 95% LTV Primary Residence
- 97% LTV 1st Time Buyer Single Family
- 85% LTV on 1 Unit Investment
- 90% LTV on Second Home
- Minimum Credit Score 620
- Luxury Renovations are Eligible
- Maximum Loan Amount – $715,000
- High Balance (Varies By County)
Home Mortgage Programs
Home Purchase loans
Looking to Purchase a Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Renovation Home Loans
Looking to Rehab a Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
FHA Home loans
Great 1st Time Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
va Home Loans
100% Financing for Vets
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Conventional Home loans
Flexibility for Homebuyers
- Primary, 2nd Home, Investment Properties
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Mortgage Terms
- Renovation Programs Available
Jumbo Home Loans
Non-Confirming Home Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
USDA Home loans
100% Rural Home Loans
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Native american Home Loans
Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Manufactured Home loans
Great Alternative Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Reverse Mortgage Loans
Your Home at Work
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Non QM Home loans
Making Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment Properties
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
One Time Close Home Loans
Build Your Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Refinance Mortgage loans
Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Cashout Mortgage Loans
Equity Mortgage Loans
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education