Coventional Loans

A conventional loan is a non-government loan that offers competitive interest rates and requires a minimum down payment of 3-5%. Conventional loans follow guidelines set by Fannie Mae and Freddie Mac.

Conventional loans are the most common types of loans in the mortgage industry. These loans can be conforming or non-conforming. Conforming loans are mortgages that follow financing limits set by the Federal Housing Finance Agency (FHFA). Conventional loans offer the largest selection of loan options with competitive rates. They typically have low-interest rates for eligible borrowers with fair to good credit scores.

Your Conventional Loan


  • More competitive interest rates
  • Down payments as low as 3-5%
  • Fewer restrictions compared to government loans
  • Fixed and Adjustable-Rate Mortgage (ARM) Terms Available
  • No private mortgage insurance (PMI) with 20% equity
  • Varied term lengths between 10 and 30 years

This is for informational purposes only and not an offer to lend or extend credit. Subject to credit and income approval. Terms and conditions are subject to change without notice.*

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The results displayed above are only estimates and cannot be used to determine actual loan cost or be used as a guarantee. Please consult your loan consultant for an official estimate.


Conventional Loans

+One of the most common loan programs that offers competitive interest rates and requires...

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VA Loans

+Offering Veterans, US Military service members and eligible surviving spouses benefits t...

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FHA Loans

+Insured by the Federal Housing Administration. Offers down payment as low as 3.5% in add...

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Rural Housing Loans (USDA)

+Government backed loans, lending up to 100% of the home’s appraised value. Qualifying ...

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Jumbo Loans

+Gershman Mortgage offers loan programs for loan amounts greater than the high balance lo...

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First Time Home Buyer

+As part of our commitment to provide the best residential home loans for our customers, ...

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