NicLoans.RanLife Home Loans
Conventional Loans

The workhorse loan — best rates for solid files.

No government insurance, down payments from 3%, and PMI that actually goes away. If your credit is in shape, conventional is usually the one to beat.

Get your conventional quote

How it works

01
Price it against FHA

Same buyer, two quotes, side by side. Your credit score usually picks the winner.

02
Choose your down payment

3% to 20%+ — Nic shows what each tier does to payment and PMI.

03
Lock and document

Standard paperwork, no government overlays.

04
Shed PMI later

Hit 20% equity through paydown or appreciation and the insurance leaves.

Quick requirements

Buyers with fair-to-strong credit and at least 3% down who want the most flexible mainstream option.

✓ Credit typically 620+ — stronger scores earn meaningfully better pricing✓ Down payments from 3% (first-time buyers) — 20% is optional, not required✓ PMI applies under 20% down but drops off at 20% equity — unlike FHA's version✓ Works for primary homes, second homes, and investment properties✓ Loan amounts up to the conforming limit — above that, see jumbo

General guidelines, not a loan offer — programs and terms depend on your full picture.

Ready for real numbers?

No pressure, no jargon — just a straight answer about where you stand.

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