Conventional Loans

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Our most popular
loan program.

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Who is right for a Conventional Loan?

Conventional loans are our most popular and versatile loan option. They’re simple enough for the first-time homebuyer, but robust enough for the savvy real-estate investor. The best part? The stronger your financial health, the better rate you may get. If you hit any the points below, this might be the loan for you!

No PMI

You want to avoid mortgage insurance.

Down Payment

You can afford more than the min. of 3%.

Strong Credit

You have reasonably strong credit.

Remodel

You're looking to remodel your home.

Occupancy

This is a primary, 2nd, or investment home.

Find the right
loan for you.

Here at Network Funding, we believe it’s not the right home if it’s not the right loan. We’re never going to let you get in to a mortgage that you can’t handle. Our loan officers are trained financial professionals who’s mission it is to guide you to the right product for your financial situation, and our compensation plans eliminate incentives that may cause other companies to lead you in to higher cost loans.

First time buyer?
Learn the basics.

Buying a home but feeling a bit overwhelmed? We know how it goes. At Network Funding, we want you to feel confident in your mortgage decisions – after all, this is one of the biggest purchases of your life! That’s why we’ve created a suite of educational resources for your benefit! 

Free
eBooks

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Mortgage 101
Webinar

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Our borrowers love us.
We think you will, too!

I got a great rate, and the customer service was just as great.

Matt | Texas Homeowner

I’m so glad we used Network Funding to buy our first home.

Ana & Nathanael | Texas

The loan process was so easy!

Nicole & Upton | Florida

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*See Disclaimers, Assumptions, and FAQs for Conventional Loans
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DISCLAIMER

The information on this page is not meant to be a quote. So if you want an ACTUAL interest rate quote or if you’re just curious what you may be eligible for, just ask us!

HOW CAN I AVOID PMI WITH A CONVENTIONAL LOAN?

You can avoid PMI (Private Mortgage Insurance) through one of two ways: 1) Put 20% or more down on your home purchase. 2) Use a second lien to keep keep your first lien at or below 80% of the value/price of your home.

WHEN IS IT BEST TO PUT MORE DOWN ON A CONVENTIONAL LOAN?

It depends on your situation. Typically improvements on rate and terms happen in increments of 5% (5%, 10%, 15%, 20%). Putting 7% down, for example, is not generally going to get you more favorable terms than 5% down; so to see an improvement, you would most likely need to put 10% down. Most of the time, our recommendation is that if you cannot reach the next increment of 5%, to just do the one that you can.

WHAT ARE MY OPTIONS FOR REMODELING WITH A CONVENTIONAL LOAN?

Your options will vary based on the intended purpose of the house (primary, vacation, investment), the scope of the remodel, your timeline & your equity. There are some loan programs where certain types of improvements can be financed into the loan (such as the Fannie Mae HomeStyle program), in other cases you may need to do a second lien after closing.

CAN I BUY A VACATION OR INVESTMENT HOME WITH A CONVENTIONAL LOAN?

Yes. Assuming you qualify to carry the debt in addition to your primary residence.