Private mortgage insurance (PMI): A type of insurance that protects your lender should you default on your loan. Typically, you’ll need to pay this if you pay less than a 20% down payment.

Conventional loans accounted for 77% of all mortgage loans issued in 2022, according to government data. FHA loans only made up 14%, while USDA loans and VA loans together amounted to about 9%.

A conventional loan is simply a mortgage that isn’t backed by the U.S. government. If you qualify, you can get this loan from many different types of mortgage lenders, including banks, credit ...

A mortgage is a type of loan for buying a home. You'll choose from a conventional or government-backed mortgage, with either a fixed or adjustable rate.

On average, conventional mortgage lenders will require you to have a credit score of at least 620 in order to qualify for a home loan. Some may require a higher score, starting at 640 or 660.

Choosing a variable-rate mortgage can help you buy the home of your dreams at a lower interest rate, but it is not always the best choice for buyers.

If you’re running into problems qualifying for a conventional mortgage to buy a home, there are other options you can explore. One such option is a purchase money mortgage, also known as seller ...

When compared to a conventional 30-year fixed-rate mortgage, the monthly payment starts and ends at $1,995.91. Pros and cons of a graduated payment mortgage ...

With a 720 score, and a 30-year fixed rate mortgage, you can expect your premium for most conventional loan programs to start at 0.23% and go up to 0.87% yearly.