A conventional loan is a popular mortgage option for homebuyers with strong credit and stable income. These loans are not backed by the government and typically offer competitive interest rates, flexible term options, and lower overall borrowing costs. The down payment for this type of loan is typically 5% for primary residences, 10% for second homes and 20% for investment properties. If you put less than 20% down, there is typically mortgage insurance however we have a program that allows for 15% down with no mortgage insurance!  Book a call with me in the link below to see if a conventional loan may be the right fit for you.