How this mortgage path is commonly used
Conventional mortgages are not insured by a federal housing agency. They may be conforming or non-conforming and can offer broad choices in term, occupancy, and property type.
Potential features
- Purchase and refinance uses
- Fixed- and adjustable-rate structures may be available
- Options for several occupancy types
- Mortgage insurance may be removable when requirements are met
Important considerations
- Credit and reserve expectations vary
- Mortgage insurance can apply at higher loan-to-value ratios
- Conforming limits depend on year and location
- Appraisal and property standards apply
Common starting points
Borrowers with documented income and assetsPrimary, second-home, or investment scenariosBuyers comparing multiple down-payment structures
A practical way to evaluate your options
01
Define the goal
Purchase, refinance, build, invest, or use equity.
02
Review the full payment
Include taxes, insurance, mortgage insurance, and association dues.
03
Prepare the profile
Income, assets, credit, property, and occupancy all shape available paths.
04
Complete underwriting
Only a complete application and underwriting can establish approval and terms.
Educational information, not a commitment to lend
Program availability, guidelines, pricing, and documentation requirements can change. Contact duPont Lending for information specific to your scenario.