Conventional Loan

A Conventional Loan is a popular program if you want to put more money down and a lower monthly payment. What are the benefits of a Conventional Loan?

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Faster Loan Process

The home loan process is more streamlined because the government doesn’t need to approve it. As a result, the process tends to move quickly, which means you get to move into your dream home sooner.


Eliminate PMI

Depending on the size of your down payment, you can eliminate or reduce the PMI you pay monthly. The fee is reduced based on the amount of your down payment. A 20% down payment eliminates the fee.

Reduce Cost

Lower Interest Rates

A good credit score, stable income, and other criteria could qualify you for a lower interest rate reducing your monthly payment amount.

Steps to a Conventional Loan

Once you find the right program for you, the process is as simple as 1, 2, 3!

  • STEP 1

    Get Pre-Approved

    Our mobile app, Mortgage Express, helps you get pre-approved quickly. It’s secure and you can upload all required documents straight into the app to save you time and energy.

  • STEP 2

    Talk to a Mortgage Consultant

    Your mortgage consultant will keep you and your agent updated every step of the way with our Milestone Updates.

  • STEP 3

    Close on Your Loan

    Your consultant will assist you with everything you need and help you setup your closing appointment.

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We had a wonderful experience with Bailey & Wood. They were so friendly and helpful. We will definitely come back again if we move.”

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Conventional Frequently Asked Questions

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