conventional mortgage loan

Personal Banking · Mortgage · Mortgage Loans · Conventional Mortgage Loans

Conventional Mortgage Loans

A conventional mortgage loan is ideal for borrowers with excellent credit and funds for a down payment.

Benefits of Central Bank Conventional Home Loans

  • In-house processing and underwriting, which means fast approval and local decision making
  • Up to 97% loan-to-value financing*
  • Fixed- and variable-rate terms
  • No private mortgage insurance with 20% down payment
  • Available for primary residences, second homes, and investment properties

*Based on approved credit

More About Conventional Mortgage Loans


Conventional Mortgage Loan FAQs

How much money does a conventional loan require for a down payment?

Conventional home mortgage loans typically require the home buyer to invest between 3% and 20% of the sales price in cash for the down payment and closing costs. For example, if the sales price is $100,000, the home buyer must invest at least $3,000 to $20,000 to meet conventional mortgage down payment requirements. If a home buyer can put down at least 20% of the sales price, they will not be required to have mortgage insurance.

How can I get started?

It’s simple. Just fill out an application online or call one of our Mortgage Advisors to assist you over the phone or meet you in person.