Your Journey. Our Experience.
Whether you're buying your first home, upgrading, or investing — conventional loans offer the flexibility and terms to match wherever you are in life.
Apply for a Conventional Loan
Why Conventional?
Benefits of Conventional Financing
No Upfront Mortgage Insurance
With 20% down, you avoid PMI entirely — keeping your monthly payment lower from day one.
Build Equity Faster
Higher down payments mean you start with more equity and build wealth in your home more quickly.
Flexible Loan Terms
Choose from 10, 15, 20, or 30-year fixed terms, or explore adjustable-rate options to fit your goals.
Wide Property Eligibility
Conventional loans can be used for primary residences, second homes, and investment properties.
Options Available
Types of Conventional Loans
Fixed-Rate Mortgage
Your interest rate stays the same for the life of the loan — predictable payments, no surprises. Available in 10, 15, 20, and 30-year terms.
Adjustable-Rate Mortgage (ARM)
Starts with a lower fixed rate for an initial period (e.g., 5 or 7 years), then adjusts annually. Great if you plan to sell or refinance before the adjustment period.
Jumbo Loans
For loan amounts above the conforming limit. Requires stronger credit and larger down payment, but allows you to purchase higher-value properties.
What You Need
Conventional Loan Requirements
Conventional loans are not government-backed, so lenders set their own standards. Here's what most borrowers will need to qualify:
- Minimum credit score of 620 (higher scores unlock better rates)
- Down payment as low as 3% for qualified buyers
- Debt-to-income ratio typically below 45%
- Stable employment and income history — typically 2 years
- PMI required if down payment is less than 20% (can be removed later)
- Property must meet conventional appraisal standards
Quick Facts
Minimum Down Payment
3%
Minimum Credit Score
620
Max Debt-to-Income
45%
Conforming Loan Limit
$806,500 (2025)
Diversified Lending of Colorado · NMLS# 272661 · NMLS# 2777159
Find the Right Loan for Your Life
Not sure if conventional is right for you? We'll walk through all your options together.