Conventional Loan Program

Conventional loans may be ideal for those borrowers that have good credit, a low debt-to-income (DTI) ratio, and can typically make a down payment of 20% of the loan amount. There are options though for those that need or want to make a lower down payment. This loan is offered with both Fixed-Rate and Adjustable Rate Mortgage options.

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Highlights & Benefits

Allows Options For Low Down Payments

varies based on personal situation, type of loan, or property you're buying

No Private Mortgage Insurance (PMI) Option

requires 20% downpayment

Flexible Property Options

primary home, second home, and investment properties

More About The Conventional Loan Program

A conventional loan is a mortgage that is not guaranteed or insured by any government agency, such as the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA).

 For qualified borrowers, a conventional loan offers great flexibility in terms of down payment options. To qualify for a conventional loan through Atlantic Coast Mortgage, LLC, among other things, you’ll typically need a credit score of at least 640 and a DTI below 50%.

Available Conventional Loans

Learn more about other Conventional Loan Programs

Conventional Loan Options

  • Conforming Loans

    Fannie Mae or Freddie Mac loans. Your Loan Officer can talk to you about what's required to qualify for these loan options.

  • Fixed-Rate Loans

    The loan has a fixed interest rate for the entire life of the loan.

  • Low Down Payment Loans

    Options for both first-time homebuyers or those looking at their next home.

Atlantic Coast Mortgage, LLC is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA, the Federal or State Government.

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Learn more about what financing options we have available

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