Conventional Home Loans

A Conventional loan refers to any loan that is not insured or guaranteed by the federal government, as opposed to government-insured home loans including FHA loans, VA loans, and USDA loans. Conventional mortgage loans (conforming or non-conforming) typically have a slightly higher down payment requirement than government loans; however, the Conventional loan option normally provides more flexibility and fewer restrictions.

What Is a Conventional Loan?

If you have good credit and stable income, a conventional loan might be the right option for you, since conventional loan programs traditionally offer:

  • Lower interest rates for borrowers with good or great credit
  • Flexible mortgage insurance options, if applicable (mortgage insurance not always necessary)
  • Fewer penalties and fees
  • Flexible loan terms
  • Down payments range from 3% – 20%

Follow Foundation Mortgage


NMLS 1387311
License 125388
Alabama License 23266
Colorado License
Florida License MBR5867
North Carolina License B-214180
Oklahoma License MB015306
South Carolina License
Tennessee License 125388

Contact Us

Foundation Mortgage
2160 Lakeside Centre Way
Suite 100
Knoxville, TN 37922

(865) 392-5450

tracking pixel