Making homeownership accessible to everyone
3% Down Payment
Put down just 3% of your home’s purchase price.
No Mortgage Insurance with 20% Down
Avoid Private Mortgage Insurance (PMI) with a 20% down payment.
Flexible Loan Terms
Choose between 15-year or 30-year terms to match your financial needs.
Guidelines for This Loan
If your details are close to these guidelines, we encourage you to apply or contact us.
Down Payment
As little as 3% is required for a down payment. If you put down 20% or more, you can avoid PMI.
Mortgage Insurance
If your down payment is under 20%, PMI is required until your loan balance is less than 80% of your home’s value.
Credit and Debt
A credit score of 620 or above is typically required for a conventional loan.
Closing Costs
Typical closing costs range between 2% and 5% of the loan amount.
Frequently Asked Questions
Answers to questions about this loan we heard from people like you during research.
Do you have another question that isn't here?
Can I use a conventional loan to buy an investment property?
Yes, conventional loans can be used for purchasing investment properties, though they may require a higher down payment and stricter eligibility requirements.
What’s the minimum credit score required for a conventional loan?
Most lenders require a minimum credit score of 620 for conventional loans, but a higher score can get you better rates.
How much do I need for a down payment?
You can typically qualify for a conventional loan with as little as 3% down. However, putting 20% down can help you avoid PMI.
What’s the difference between conventional and FHA loans?
Conventional loans are not insured by the government and often require higher credit scores, but offer more flexibility. FHA loans are government-insured, with lower credit score requirements but typically come with higher insurance costs.
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700 Oregon Families
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We’ll guide you every
step of the way home
1
Initial Consultation
Tell us what you’re looking for, and we’ll assess your needs.
2
Submit Your Loan Application
We’ll help you navigate the details with ease.
3
Get Pre-Approved
Feel confident in your search with pre-approval in hand.
4
Close and Move In
Enjoy your new home, with the right mortgage and total peace of mind.
Choose a Path to
Peace of Mind
Imagine a mortgage experience that’s smooth and reassuring, handled by a team that makes everything easy and transparent.
With DC Lending, you’ll get the support you deserve, from application to closing, so you can open the door to your dream home with confidence.
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