Conventional loans are mortgage loans that are not offered or secured by a government entity. They are available through or guaranteed by a private lender or the two government-sponsored enterprises—Fannie Mae and Freddie Mac.

While conventional loans do not share some of the same benefits as government-backed mortgages, they are one of the most common types of loans offered to homebuyers today.



  • Down payments starting at 3%
  • Minimum credit score of 620
  • Best suited for homebuyers with established credit, stable income, lower debt-to-income ratios, and assets
  • Available for primary, second and investment properties



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Property Types:

  • New or existing residential property
  • Attached or detached structures
  • Condos
  • Planned Unit Developments (PUDs)
  • Modular homes
  • Co-Ops
  • 1-4 unit properties
  • Manufactured homes


See loan product disclaimer

Residency Types:

  • Primary Homes
  • Second Homes
  • Investment Properties


Loan Types:

  • First-Time Homebuyer
  • Purchase
  • Refinance
  • Renovation
  • Investment


conventional loans HAVE FOR YOU?

A common misconception with conventional loans is that you need 20% down to purchase. While it’s not required, and we do offer options to put as little as 3% down, it is recommended to put as much down as you can so you can avoid needing PMI (Private Mortgage Insurance) entirely or shorten the length of time you would need PMI on your loan. You’ll want to check out our First-Time Home Buyer programs for additional options.


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If you are looking for a fixer-upper, you’ll want to take a look at our Fannie Mae HomeStyle® loan program. This is a conventional loan specifically meant for renovation purchases.


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Conventional loans for second homes or investment properties typically require higher down payments than those needed for primary home purchases. Down payment requirements can range from 10-25% depending on the type of investment. Check out our additional investment loan options with our Commercial Capital Division.


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What Our Customers Are Saying


What Our Customers Are Saying


Everyone we came across at the company made our process a lot less stressful. They answered all our questions and made sure we handed everything that needed to be handed in on time. Thanks!

Paul K. / Homebuyer, NJ

We highly recommend Family First as they are an amazing team, efficient, honest and always available! Not only would I recommend Family First to my clients, I do use them for our family's mortgage needs!

Lisa C. / Real Estate Agent, FL

Great service, very professional. Highly recommended!

Christofer V. / Homebuyer, TX

Expertise, open communication at all times, and complete confidence knowing that my Buyer was wonderfully serviced and their loan would close!

Laure M. / Real Estate Agent, NJ

It was a smooth process from start to finish and I appreciate the time each of them took to answer any questions I may have had with respect to the process, the paperwork, etc. They were all incredibly kind, helpful, and responsive no matter how small the question may have been, and as a first time homebuyer I am very grateful for that.

Jessica S. / Homebuyer, NJ
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