Types of Conventional Loans & Key Benefits

A conventional loan is a great option for many buyers, offering a variety of flexible choices. We can help you explore options like **Conforming** loans (which follow specific rules) or **Non-Conforming** loans like a **Jumbo** loan for higher-priced homes. You can also choose between a **Fixed-Rate** loan with a stable monthly payment or an **Adjustable-Rate Mortgage (ARM)**.

One of the biggest benefits of a conventional loan is the ability to avoid Private Mortgage Insurance (**PMI**). By making a down payment of **20% or more**, you can eliminate this monthly cost and reduce your overall mortgage payment, saving you money over the life of the loan.