Conventional Purchase Loans

Conventional Purchase Loans

Vista Home Loans conventional loans come in a variety of options and with excellent advantages for qualified borrowers. While FHA and other government loans can have certain property restrictions, a conventional loan can be used on nearly all property types.

Short on a down payment? Here are a few conventional low down payment options:

Fannie Mae HomeReady™

HomeReady™ is a fixed-rate, affordable housing program for creditworthy, low-to-moderate income borrowers offering up to 97% financing.

Freddie Mac Home Possible® Advantage

Designed for low-to-moderate income homebuyers and/or individuals purchasing or refinancing properties in target areas.

Maximum financing (LTV/CLTV) and minimum credit score requirements are determined based on the loan product type

Private Mortgage Insurance (PMI) is required on conventional loans with an LTV > 80%.

Features & Highlights
  • A range of down payment options
  • Advantages for higher down payments
  • Option to eliminate mortgage insurance with a 20% down payment
  • Financing for properties commonly restricted by government loans

Get pre-approved today for a Home Loan