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Colibri Home Loans

Flexible mainstream financing

Conventional Home Loans

Conventional loans can support primary homes, second homes, investment properties, purchases, and refinances—with details shaped by the full scenario.

Understanding the option

A versatile option with several ways to structure the loan.

Conventional mortgages are not insured by a federal housing agency. Many follow standards that allow eligible loans to be sold to Fannie Mae or Freddie Mac, while other conventional programs use lender-specific rules.

The right structure depends on more than credit. Down payment, loan size, occupancy, property type, income, reserves, mortgage insurance, and pricing all interact. We compare those pieces so you can see why one conventional option may fit better than another.

Common usesPurchase or refinance
OccupancyPrimary, second, or investment
StructureFixed or adjustable options
Couple moving into a new home
Conventional Home LoansCompare the complete picture before choosing the structure.

Qualification in context

Who it may fit—and what we review.

These are planning points, not universal approval rules. The selected program and complete borrower, property, and transaction determine eligibility.

01

This option may be useful for

  • Borrowers with documentable income and assets
  • Buyers comparing multiple down-payment strategies
  • Owners financing a primary, second, or eligible investment home
  • Borrowers who want to evaluate mortgage-insurance and no-mortgage-insurance structures
02

What the loan review may include

  • Credit history and current monthly debt obligations
  • Employment, income stability, and supporting documentation
  • Down payment, closing funds, gifts, and post-closing reserves
  • Loan amount, occupancy, units, property type, and appraisal

A practical process

From first conversation to a lender-ready plan.

  1. 01

    Define the purchase plan

    We start with your target price, property type, location, occupancy, timing, and the cash you want to keep available after closing.

  2. 02

    Review the complete file

    Income, assets, credit, debts, and documentation are reviewed together so the comparison reflects your real scenario.

  3. 03

    Compare useful options

    We explain estimated payments, cash to close, mortgage insurance or fees, and the tradeoffs among suitable programs.

  4. 04

    Prepare for the milestones

    After you choose a path, we help organize the application, appraisal, underwriting conditions, closing details, and next steps.

Conventional Home Loans FAQs

Answers to the questions clients ask first.

Program details vary. These answers provide a starting point for a scenario-specific conversation.

Ask Us a Question
Do conventional loans require a 20% down payment?

Not always. Some eligible conventional programs allow less, while larger down payments can affect mortgage insurance, pricing, and the monthly payment. We can compare the cash and payment tradeoffs for your scenario.

What is private mortgage insurance?

Private mortgage insurance, often called PMI, protects the lender when a conventional borrower makes a smaller down payment. Cost and cancellation rules depend on the loan and applicable requirements.

Can a conventional loan finance an investment property?

It may. Occupancy, property type, existing financed properties, rental-income treatment, down payment, and reserves can all affect eligibility.

Compare the alternatives

Homebuyers exploring an FHA home loan Loan option

FHA Home Loans

Accessible down payment and qualification options for eligible buyers.

Explore option → Luxury residential property for jumbo financing Loan option

Jumbo Home Loans

Financing designed for loan amounts above conforming limits.

Explore option → Homebuyers comparing adjustable-rate mortgage options Loan option

Adjustable-Rate Mortgages

An initial fixed period followed by scheduled rate adjustments.

Explore option →

Important: This page is for general education and is not a commitment to lend, approval, rate quote, or legal or tax advice. Programs, rates, pricing, terms, and guidelines may change. All loans are subject to application, documentation, credit, underwriting, acceptable property review, and applicable law.