Case Details

Conventional Mortgages

We specialize in providing various loan options to suit your specific needs, including conventional mortgages. Conventional loans are a popular choice for many homebuyers, offering lower interest rates with a larger down payment. You can buy a home with as little as 3% down and a minimum credit score of 620. If you have a down payment of at least 20%, you can avoid paying for private mortgage insurance (PMI).

While conventional loans have stricter regulations on credit score and debt-to-income (DTI) ratio, they typically have lower mortgage insurance rates than other loan types like FHA loans. If you cannot provide a down payment of at least 3%, you may consider USDA or VA loans if eligible. Our team at Expert Lending Group is here to help you navigate your options and find the best loan for your situation.


- The overall borrowing cost after fees and interest tends to be lower than an unconventional loan.

- Your down payment can be as little as 3% for qualifying loans.


- You have to pay PMI if the down payment is less than 20%.

- Stricter qualifications that require a minimum credit score of 620 and low DTI.