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Conventional Home Loans

Explore flexible financing with conventional home loans.

Conventional mortgages offer competitive rates, diverse term options, and fewer restrictions—perfect for buyers with good credit looking for straightforward terms and lower costs.

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No-impact credit check. No commitment.
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Conventional Home Loan Benefits

Secure a competitive, fixed-rate conventional loan.

Conventional loans offer popular 15- and 30-year terms, ideal for budget-friendly monthly payments and long-term stability. Find the perfect fit for your financial goals.

Competitive interest rates
Flexible loan terms
Lower Private Mortgage Insurance (PMI)
Fewer restrictions & property requirements
Wide loan limit options

Today's Conventional Loan Rates

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"The entire process was quick and simple. they offered the BEST rates, BEST overall payment, LOWEST monthly payment (and closing costs).... GO WITH THESE GUYS if you are refinancing"
Robert
LendingTree
"I reached out to about half a dozen banks when looking for a Home Mortgage. Lower came back with the best rates and the agent was extremely responsive and helpful."
Shane
LendingTree
"Jake and his team provided outstanding customer service we were able to close our deal in record time (19 days). Excellent feedback was also received from the title company regarding the lender."
AJ
Zillow
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30-year fixed rate mortgage

Enjoy long-term stability and manageable monthly payments with a 30-year fixed rate mortgage from Lower. Perfect for those seeking predictability and a comfortable budget fit.

Get a personalized 30-year rate quote

15-year fixed rate mortgage

Pay off your home faster and save on interest with a 15-year fixed rate mortgage from Lower. Ideal for those who want to build equity quickly and secure long-term savings.

Get a personalized 15-year rate quote
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Shop your heart out. No credit check until you’re ready to buy

Your credit is important, so we don't do a hard pull until you're absolutely ready. (And we'll always ask for permission when we do.)

Get pre-qualified for a conventional loan
Frequently Asked Questions

You’ve got conventional loan questions. We’ve got answers.

Do I need to pay private mortgage insurance (PMI) on
a conventional loan?

If you make a down payment of less than 20%, PMI is typically required. However, once you reach 20% equity, you can request to have PMI removed, which lowers your monthly payments.

What credit score do I need to qualify for a conventional loan?

Conventional loans generally require a credit score of at least 620. However, higher scores may help you secure better rates and terms, especially with lower down payments.

What is a conventional loan, and how does it differ from
government-backed loans?

A conventional loan is a mortgage not insured by the government, unlike FHA, VA, or USDA loans. It typically has fewer restrictions and may offer better rates for qualified buyers with good credit.

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