Conventional Loans
Standard conforming loans with competitive rates and flexible terms
Conventional loans are not backed by a government agency, which often means better rates and lower overall costs for borrowers with strong credit. They conform to Fannie Mae and Freddie Mac guidelines and are the most common loan type in the US mortgage market.
Who This Is For
Borrowers with good to excellent credit (typically 620+) seeking the best available rates
Buyers who can put 5-20% down and want to avoid or eventually remove mortgage insurance
Homebuyers purchasing primary residences, second homes, or investment properties
Borrowers who want flexibility in loan terms — 15, 20, or 30-year fixed, or adjustable rate options
Requirements
How Sofla Helps
Our AI qualification engine handles the heavy lifting so you can focus on closing.
AI engine compares conventional eligibility against FHA and other programs to confirm conventional is truly the best fit
Calculates PMI cost vs. higher down payment scenarios so borrowers can make informed decisions
Generates Fannie/Freddie-specific document checklist including VOE, VOD, and asset verification requirements
Flags credit or DTI issues that could push the borrower into a higher rate tier before they apply
Get Qualified for Conventional Loans
A few questions. A real score. The exact document list for your loan type.
Start Qualification