3% down. No MIP when you put 20% down. And if your credit is above 680, conventional beats every other loan type on rate.
Get a rate quote
Tell us about your purchase.
Went to my bank first just because it felt like the safe move. Rate wasn't great but I figured that was just the market right now. My coworker told me to at least get a second opinion before signing. Bedrock Mortgage came back lower on the exact same loan. Closed in about three weeks with no surprises.
Brian & Lauren H.Started with an FHA loan a couple years ago because it was the only thing that made sense at the time. Once I had enough equity I called Bedrock Mortgage about refinancing to conventional. Dropped my rate, dropped the PMI, payment came down a few hundred a month. The refi paid for itself within the year. Wish I'd pulled the trigger a little sooner.
Kevin M.Conventional is the right call when your credit is solid and you can put at least 3–5% down. No government insurance fees, no restrictive program conditions. And because we lend from our own capital, there's no wholesale markup on the rate.
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 at this stage, just enough to show you where you stand.
We run a full credit review and issue a pre-approval showing your maximum loan amount. Sellers and agents take this seriously because it tells them your financing is real.
Shop knowing exactly what you can spend. When you find the right home, your pre-approval gives you a stronger position in competitive situations.
In-house underwriting means no third-party delays. We fund from our own capital, so decisions happen fast. Average time from application to funded is 21 days.
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.
Mon–Fri, 8 AM–6 PM ET
Response within one business day
→Takes about 10 minutes. No documents required upfront.
→