Conventional mortgages are among the most common loan types, but the right mortgage depends on each borrower’s financial situation, eligibility, and homeownership goals.

Qualification depends on factors such as income, credit history, assets, debt, employment, property type, and the specific requirements of each loan program. A loan officer can help review your situation and discuss available options.

Yes. Comparing loan options can help you understand differences in monthly payments, down payment requirements, mortgage insurance, and other features before making a financing decision.

No. Some loan programs may allow little or no down payment for borrowers who meet program eligibility requirements. Requirements vary by loan type and borrower qualifications.

Depending on your financial situation, available programs, and market conditions, refinancing into another loan program may be possible in the future.