With a typical downpayment requirement of 5% to 20%, a conventional home loan offers the best interest rates and loan terms. You have the flexibility to choose the term of your loan - from 15 to 20 to 30 years - and your principal and interest payment will stay the same for the entire length of your selected term. A conventional home loan is not a government loan program, nor backed by the government.
Predictable payments allow you to better budget your monthly expenses Know exactly how much interest you pay over the life of the loan.
Choose to refinance later if interest rates fall or your credit or financial situation improves
Subject to credit and underwriting approval.