3% down. No MIP when you put 20% down. And if your credit is above 680, conventional beats every other loan type on rate.
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Tell us about your purchase.
"Chase quoted us 6.25%. I wasn't thrilled but figured that was just where the market was. Called Bedrock and they came in at 5.875%, 10% down on a $445k house, no PMI. That's $118 less every month. Closed in 18 days without any drama."
"Bought with FHA at 6.5%, had $287/month PMI baked in. House appreciated, hit 20% equity, called Bedrock. Conventional refi at 6.0%, PMI gone. Payment dropped from $2,640 to $2,210, that's $430 a month. Break-even on closing costs was 10 months. Wish I'd done it earlier."
"First rental property, conventional loan, 20% down on $365k. Rents for $2,650. Tenant covers the mortgage with a little left over. I put in $73k and have a performing asset. Already looking at property two."
Conventional loans are the gold standard for a reason. No government insurance fees, no restrictive overlays, just a clean loan at the best rate your credit can earn.
Get Pre-Qualified →Strong credit gets you the lowest rates on the market. Typically beats FHA and VA loan pricing.
Unlike FHA's 1.75% upfront fee. Put down 20% and you pay zero PMI, now and forever.
3% for first-time buyers, 5% for repeat buyers. Or 20% to skip PMI entirely.
Higher limits in expensive markets. Perfect for move-up buyers purchasing a more valuable home.
Answer a few questions about your income, assets, and the home you want to buy. No hard credit pull yet, just a soft inquiry to see where you stand.
We run a full credit review and issue a pre-approval showing your exact maximum loan amount. Sellers and realtors take this seriously, it tells them your financing is real.
Shop with confidence knowing exactly what you can spend. When you find the right home, your pre-approval gives you a competitive edge in multiple-offer situations.
In-house underwriting means no third-party delays. We fund from our own capital so decisions happen fast, 21 days from application to keys in your hand.
Most lenders require a minimum credit score of 620 for conventional loans. However, the best rates are reserved for borrowers with scores of 740 or higher. If your score is below 620, consider an FHA loan which accepts scores as low as 580.
First-time buyers can put down as little as 3%, while repeat buyers typically need 5% minimum. Put down 20% or more to avoid PMI entirely and get the best rates.
PMI is required when you put down less than 20%. It automatically drops off once you reach 20% equity. You can also request removal once you hit 20% through payments or appreciation.