EN
ESMore than one use case
Eligible conventional programs may finance a primary residence, second home or investment property. Down payment, reserve and documentation requirements differ by occupancy and property type.
Understand mortgage insurance
A smaller down payment may require private mortgage insurance. Ask about its cost and the conditions for cancellation when comparing options.
Compare the trade-offs
Review the payment, loan term, cash required and total borrowing cost. A larger down payment is one option, but keeping appropriate reserves also matters.
Let’s start with these details.
- Documented income and assets
- Property type and intended use
- Credit profile
- Down payment and reserve strategy
Educational overview only. Program requirements, availability and terms vary. No guarantee of qualification or approval. For additional consumer guidance, see the CFPB homebuying resources.