★★★★★“The process was easy and she was persistent and did not let us fall through.”— Gioconda, Hudson NC★★★★★“Had answers to every question we had and helped us every step of the way. Would definitely recommend.”— Trey, Marietta GA★★★★★“Our situation was a bit unusual and she was still able to make everything a breeze!”— Bradd, Williamsburg VA★★★★★“Micheal went through every part of the process and explained to us in detail so we were well informed.”— Quincy, Kannapolis NC★★★★★“Very quick and very easy process. Their team is too good. I really recommend them!”— Ketan Patel, Wesley Chapel FL★★★★★“Always available and ready to explain and answer any questions I had. Very professional!”— Sheryl, Griffin GA★★★★★“Step by step took me thru the process and worked day and night to the finished line.”— Miguel, Clementon NJ★★★★★“I felt I was dealing with a friend rather than a loan officer. She managed to get the best possible interest rate.”— Deborah, Honea Path SC★ 485+ Five-Star Reviews on LendingTree ★★★★★★“The process was easy and she was persistent and did not let us fall through.”— Gioconda, Hudson NC★★★★★“Had answers to every question we had and helped us every step of the way. Would definitely recommend.”— Trey, Marietta GA★★★★★“Our situation was a bit unusual and she was still able to make everything a breeze!”— Bradd, Williamsburg VA★★★★★“Micheal went through every part of the process and explained to us in detail so we were well informed.”— Quincy, Kannapolis NC★★★★★“Very quick and very easy process. Their team is too good. I really recommend them!”— Ketan Patel, Wesley Chapel FL★★★★★“Always available and ready to explain and answer any questions I had. Very professional!”— Sheryl, Griffin GA★★★★★“Step by step took me thru the process and worked day and night to the finished line.”— Miguel, Clementon NJ★★★★★“I felt I was dealing with a friend rather than a loan officer. She managed to get the best possible interest rate.”— Deborah, Honea Path SC★ 485+ Five-Star Reviews on LendingTree ★
Purchase

Conventional Loans: The Standard in Home Financing

Conventional loans are the most widely used mortgage product in America — and for good reason. Not backed by a government agency, conventional loans offer competitive rates, flexible terms, and the ability to drop mortgage insurance once you reach 20% equity. Whether you’re buying your first home or your fifth, a conventional loan provides a straightforward path to homeownership.

At IH Lending, we leverage our wholesale lending relationships to find you the best conventional rates available, with options for various down payment amounts, credit profiles, and property types.

Key Benefits of Conventional Loans

  • Removable mortgage insurance: Unlike FHA loans, private mortgage insurance (PMI) on conventional loans can be cancelled once you reach 20% equity — lowering your monthly payment over time.
  • Flexible down payment options: Put as little as 3% down for first-time buyers, or 5% for repeat buyers. Higher down payments unlock better rates and eliminate PMI.
  • Competitive rates: Borrowers with good credit often find that conventional loans offer the lowest available interest rates.
  • Versatile property types: Conventional loans can be used for primary residences, second homes, and investment properties — with terms ranging from 10 to 30 years.
  • No upfront mortgage insurance: Unlike FHA loans, there is no upfront premium — only a monthly PMI payment if your down payment is under 20%.

Conforming vs. Non-Conforming

Most conventional loans are “conforming,” meaning they meet the guidelines set by Fannie Mae and Freddie Mac — including loan limits that vary by county. For 2025, the baseline conforming loan limit is $806,500 in most areas, with higher limits in high-cost markets. Loans that exceed these limits fall into the jumbo category, which has its own set of requirements.

Who Should Consider a Conventional Loan?

  • Borrowers with strong credit: A credit score of 620 or higher is typically required, with the best rates available to those with scores above 740.
  • Buyers with savings for a down payment: Even a modest down payment of 5-10% can unlock favorable terms and lower monthly insurance costs.
  • Investment property buyers: Conventional loans are one of the primary options for financing rental or second-home purchases.

Why Choose IH Lending for Your Conventional Loan?

As a wholesale broker, we have access to conventional loan products from dozens of lenders — each with their own pricing and overlays. We compare options side by side to get you the lowest rate with the best terms for your specific situation. From pre-approval to closing, we make the process simple and transparent.

Purchase

Refinance