Conventional Loan


Why a
Conventional Loan.

  • Down payments as low as 3%
  • Credit scores as low as 620 may be accepted
  • Fixed-rate mortgages can simplify budgeting
  • Adjustable-rate mortgages can offer lower initial payments
  • Easier to get rid of PMI than any other loan type

About Conventional Loans

is better.

When it comes to home financing, simple is better. Conventional loans are our most popular purchase and refinance option for people with awesome credit and no time for unnecessary fees.

Second option: Want your choice of fixed or adjustable rates and no PMI after building 20% equity? Try a conventional loan, our most popular option for purchase and refinance.

Fun Fact

Once you own 20% of your home and can prove it with an appraisal, you can stop paying private mortgage insurance (PMI) with a conventional loan. At 22% equity based on your original payment schedule, your PMI drops automatically. People really love that part.

More Home Loan Options

Great news. With conventional loans, you’ve got options. Here’s a look at what’s possible.

Conventional Purchase

It’s popular for a reason.

When you need a straightforward mortgage, a conventional loan fits the bill. This popular choice offers fixed and adjustable rates, 10-30 year terms, and as little as 3% down. It’s also the easiest loan type for dropping private mortgage insurance.

Conventional Refinance

Get better rates or cash out*.

Refinance to a conventional mortgage from any loan type to enjoy lower rates with a rate-and-term refi. Or, if you’re looking to leverage your home equity, a cash-out conventional refi gives you access to flexible funds with cash out. Kitchen reno, anyone?


*Using your home equity to pay off debts or make other purchases does not eliminate the debt or the cost of the purchases, but rather increases the loan amount of your mortgage to be paid according to your new mortgage terms.

Conventional Rate Protect

House shopping just got less stressful.

If you’re looking to take out a conventional mortgage but haven’t found The One in your home search, Conventional Rate Protect lets you lock in your conventional loan interest rates for up to 90 days while you find the right house for you.

Know what to expect and see it actually happen.

  1. A personalized loan process that delivers success
  2. No robots or automated systems, just real people who you can talk to
  3. Trusted experts who get to know your unique needs

Here’s what our clients are saying:

A Loan Process as stress-free as

  • Get in your home quickly with no hassle.
  • A name and direct phone number you can call.
  • Walk through your long-term investment goals.

Don’t end up in a hotel with everything you own in a truck.

  • Get help from real people, not a robot on the phone.
  • Don’t work with rookies who are just learning the loan process.
  • Stop relying on algorithms that don’t deliver success.

We won’t put you in a home you can’t afford.

At Primo Loans, we know you want to feel confident throughout your mortgage experience. To do that, you need a loan officer who will personally lead you through the process and help eliminate the hassles. The problem is, buying a home is one of the largest investments you’ll make in your life. The loan process is often overwhelming and can make you feel anxious that you won’t qualify for the home your family needs.