Conventional Loans

Today's interest rates are as low as 5.49% for qualified candidates. Consult with our team to learn more.*

TYPES OF LOANS

Not all home loans are created equal — and the best choice depends on your goals, your finances, and the home you’re dreaming of. From low‑down‑payment programs to renovation financing and investment‑friendly options, each loan type offers unique advantages. A skilled loan officer takes the time to understand your situation, compare programs, and guide you toward the loan that fits you perfectly. At Prosper Loans, that personalized approach is at the heart of everything we do.

Conventional Loans

Conventional mortgages are the most common type of home loan and are not backed by the government. They offer flexible terms and competitive rates for borrowers with solid credit and stable income.

Key Facts

Down‑payment options: 3%, 5%, 10%, or 20%+
PMI (private mortgage insurance) required under 20% down
PMI can be removed once the borrower reaches 20% equity
Available for primary, second homes, and investment properties
Typically offer lower rates for strong credit profiles

Why This Loan Is Valuable
Conventional loans reward qualified buyers by offering lower long‑term costs and more flexibility. They’re especially attractive for buyers who want to remove mortgage insurance later or who plan to purchase a second home or investment property.

TYPES OF LOANS

Conventional Loans

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