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CONVENTIONAL
PURCHASE
Ideal for well‑qualified first‑time or repeat homebuyers looking for competitive rates and terms.
Key Features
620+ Credit Score | Minimum 3% Down Payment | Low Mortgage Insurance
Why EHGM’s Conventional Loans Are Different
Our conventional pre‑approvals are fully structured upfront. We analyze credit, income, assets, loan‑level pricing adjustments, and underwriting guidelines early — giving you a strong, reliable approval and a smoother path through final underwriting.
Lower Fees, More Conventional Buying Power
As a mortgage broker, we compare multiple conventional lenders to find the most competitive rates and lowest fees. With reduced pricing adjustments and no inflated bank‑level markups, more of your money goes directly toward qualifying, lowering your payment and strengthening your buying power.
More Loan Options, One Application
Banks offer only one set of conventional guidelines — their own. We compare several lenders’ rules, pricing, and flexibility to give you more ways to qualify, more competitive structures, and better long‑term cost savings — all from one simple application.
Faster Turn Times & More Flexible Processes
We work with lenders known for efficient conventional underwriting, responsive teams, and quick approvals. That means fewer delays, fewer surprises, and a streamlined closing process that adapts quickly when something changes.
100% of clients work directly with a licensed advisor — never a call center.
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Conventional Purchase Criteria
What you can expect
Max Loan Amount
$832,750 or $2,402,625 in high-cost areas.
Down Payment
As low as 3% down for first‑time buyers. 5% down for standard conventional buyers.
Credit
620+ FICO.
Employment
2-year work history. Exceptions allowed.
Income
No income limits. DTI ratios up to 50%.
Assets
Must be sourced & seasoned for 60 days. Gift funds allowed.
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