Benefits

• Low interest rate
• Can require less paperwork
• Can be obtained quicker than government-insured loans
• Can help cover rehab cost
• Could the home you found use a little love? Conventional Loans Offer the ability to roll rehab coat into the loan

Requirements

• 620+ FICO score
• 36% debt to income ratio

Conventional loans are a good option for qualifying buyers who are ok with bringing more money to the table with down payments that typically start at 10% and often fall to 20% especially if the home needs work, conventional loans can be a good avenue due to being able to roll renovation cost in the loan.