Why a Conventional Home Loan?

Homebuyers with a stable income and good credit are excellent candidates for conventional loans. Because conventional loans aren’t backed by a federal agency, like the Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) or U.S. Department of Agriculture (USDA), they have fewer restrictions and more flexible terms.

For example, when conventional loan borrowers make the standard 20 percent down payment, they can avoid the cost of private mortgage insurance (PMI). Or, they have the option to make a smaller down payment and pay PMI.

Conventional Home Loan Benefits

  • Competitive interest rates
  • Fewer fees
  • Flexible terms (from 15 to 30 years)
  • Second home purchase options
  • Flexible requirements for mortgage insurance

Conventional Home Loan Options

At Mutual of Omaha Mortgage, we have a variety of conventional loan options, including 15-year and 30-year terms, adjustable-rate mortgages and more. We also offer jumbo conventional loans, which may be the best choice for high-dollar home purchases.

Contact one of our Mutual of Omaha Mortgage loan experts and see if a conventional loan is right for you.

Not sure what type of loan is right for you?
Contact a Mutual of Omaha Mortgage home loan expert.

Find a Loan Officer