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Conventional Loans

Clear, flexible financing designed
for real life - not just paperwork.

A conventional loan is designed for borrowers who have solid credit and sustainable income. If you want a mortgage option that fits how you actually live and plan, this may be the right place to start.

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Is a Conventional Loan a good fit?

Not every loan fits every life.
This one works best if you check a few boxes.

Conventional loans are approved based on your credit profile, income, and overall financial picture. That flexibility often means better long-term options if you qualify.

If you’re unsure, that’s normal. We’ll help you sort it out.

This loan may be right for you if you:

  • Have good to excellent credit
  • Can put down as little as 3–5%
  • Want flexible loan terms (15, 20, or 30 years)
  • Prefer fewer government rules and paperwork
  • Plan to buy or refinance a primary home, second home, or investment property

How a Conventional Loan works

Conventional loans are not backed by the government. Instead, they’re approved based on your credit profile, income, and overall financial picture. That flexibility often means better long-term options if you qualify.

Start The Application

  • Quick, secure and no obligation
  • 15, 20 or 30 year terms
  • Fixed or adjustable rate

We Review Your Situation

  • Income, goals and options
  • Better for lower credit scores
  • Mortgage insurance lasts longer

Key Features of a Conventional Loan

Strong Borrower Profile

  • Greater flexibility for primary, second homes, and investment properties
  • Down payments as low as 3% for qualified buyers
  • Typically requires a 620+ credit score

Flexible Insurance

  • No upfront mortgage insurance premium
  • PMI required under 20% down
  • PMI can be removed once 20% equity is reached

Approval Timeline

  • Apply online in minutes
  • Income, assets, and credit reviewed upfront
  • Clear underwriting and appraisal updates
  • Many borrowers receive decisions within days

Ready to see what works for you?

Mission Loans helps you explore conventional options with clarity and confidence.
  • No obligation to move forward
  • No confusing jargon or pressure
  • Clear next steps explained simply

Start The Application

  • Down payments as low as 3% for qualified buyers
  • Competitive rates for strong credit profiles
  • Flexible terms for primary, second, or investment homes
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Get Clear Answers First

  • Understand PMI and equity requirements
  • Review costs and qualification factors upfront
  • Compare options before committing
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