The right loan, every time!
A conventional loan, or "traditional" loan, is a conforming mortgage that follows the guidelines put in place by Freddie Mac and Fannie Mae.
- Multiple terms available
- No mortgage insurance with down payments greater than 20% loan-to-value
- Easy to shop and compare since this is a widely available product
- Typically offers lower rates if you meet loan requirements
Down Payment Options:
- 3% — First-Time Home Buyer
- 5% — Primary Residence
- 20% — Investment Property
- 10% — Second Home
Maximum Loan Amount:
$832,750
Low Down Payment Option: Conventional 97% LTV
A conventional 97% LTV loan is similar to a traditional conventional loan; however, this program allows buyers to purchase a home with only a 3% down payment.
Qualification Guidelines:
- Loan amount may not exceed $832,750
- Must be a one-unit, single-family property
- Must be owner-occupied
- At least one borrower must not have owned a home in the last three years
- Must be a fixed-rate mortgage
*Other restrictions may apply.
A conventional 97% LTV loan is often a strong option for first-time homebuyers because the guidelines align with their typical financial profile. Another advantage is that the entire 3% down payment may come from gifted funds, provided the gift is from a:
- Relative (by blood or marriage)
- Legal guardian
- Domestic partner
- Fiancé or fiancée
what our customers say
Great Experience!
04/28/2026
As first time home buyers, we had the best experience working with Jennifer at InterLinc. She made the process so seamless and we're so thankful to have had her help along the way!
04/28/2026
Extremely informative and kept me up to date throughout the entire process, guiding me every step of the way. I was initially considering continuing my search, but once communication began, it became clear I had chosen the right team. Id highly recommend this team.
04/28/2026
Great to work with. Cory and his team were great to work with. I would highly recommend their services. Thank you for your professionalism and expertise. William Kearns...
04/28/2026
Deanna is outstanding. She made this process smooth. She is always responsive and eager to help with questions and concerns. I recommend her 100%.
04/28/2026
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