Fixed & Adjustable
Mortgage Options
A conventional loan follows standard lending guidelines and is offered through private lenders. Compare stable fixed-rate terms with flexible adjustable-rate options.
Conventional loans are a strong path for qualified borrowers.
Conventional mortgages are not backed by the federal government. They can be used for primary homes, second homes, and investment properties when the borrower and property meet standard lending guidelines.
Choose Stability or Flexibility
Fixed-rate loans are built for predictable payments. Adjustable-rate mortgages may help borrowers who expect to sell, refinance, or increase income within a planned timeframe.
Two conventional paths, two different strategies.
The right option depends on your expected ownership timeline, comfort with rate changes, and how much payment stability matters to your budget.
Fixed-Rate Mortgage
A strong fit when you plan to stay in the home long term and want one stable rate for the life of the loan.
Adjustable-Rate Mortgage
May be useful when you expect to refinance, sell, or improve income before the adjustment period begins.
Payment Strategy
Compare rate, term, monthly payment, and long-term cost so the structure fits your real plan.
Common conventional loan points.
The live page notes a 5% minimum down payment requirement on purchase scenarios. Final requirements depend on full underwriting.
Minimum credit score is usually around 620, with pricing and approval tied to the full borrower profile.
Bankruptcy, short sale, and foreclosure may require waiting periods and additional restrictions.
A cleaner way to choose fixed or adjustable.
Confirm Timeline
Estimate how long you plan to keep the home or loan.
Compare Payment
Review fixed payment stability versus lower initial ARM payment.
Review Risk
Understand future ARM adjustment windows and payment changes.
Choose Fit
Select the structure that supports your plan and budget.
Compare fixed and adjustable conventional options.
Talk with a licensed mortgage expert and review rate structure, monthly payment, terms, down payment, and program fit before you choose.
Contact Loan Officer