Introduction

If you have a solid credit history and stable income, conventional mortgage loans may offer you the most flexibility and long-term value of any available mortgage program.
Conventional mortgage loans are mortgage loans that are not insured or guaranteed by the federal government. Instead, they are backed by private lenders and typically sold to government-sponsored enterprises like Fannie Mae or Freddie Mac. Because they follow standard guidelines set by these enterprises, conventional mortgage loans offer a wide range of options for qualified borrowers.
As your bilingual mortgage strategist, I’ll help you determine if a conventional loan is the right fit for your financial situation — and guide you through the process with clarity and genuine care.

What are Conventional Mortgage Loans?

A conventional loan is any mortgage that is not backed by a federal government agency such as the FHA, VA, or USDA. These loans follow guidelines established by Fannie Mae and Freddie Mac — the two government-sponsored enterprises that purchase most mortgages from lenders in the United States.
Conventional loans are the most widely used mortgage product in the country, offering flexibility in property types, loan amounts, and repayment terms. They are available for primary residences, second homes, and investment properties.

Benefits of Conventional Loans

• Flexible property options — available for primary residences, second homes, and investment properties
• Wide range of loan amounts — from entry-level to high-value properties
• Variety of repayment term options — giving you control over your monthly obligations
• Private mortgage insurance (PMI) may be removable — once sufficient equity is established
• No upfront mortgage insurance premium — unlike FHA loans
• Competitive rates for qualified borrowers — strong credit profiles are rewarded
• Bilingual guidance — full support in English and Spanish throughout the entire process

General Conventional Loan Guidelines

Every borrower’s situation is unique. The following is general educational information only — actual requirements vary by lender, loan program, and individual borrower profile.
Credit Profile:
Conventional loans generally require a stronger credit profile than government-backed loan programs. A higher credit score typically unlocks better terms and more options.
Income & Employment:
Lenders look for stable, verifiable income and a manageable debt-to-income ratio. Both W-2 employees and self-employed borrowers may qualify with appropriate documentation.
Down Payment:
Conventional loans offer various down payment options depending on the borrower’s profile and the type of property being purchased.
Private Mortgage Insurance (PMI):
Borrowers who put down less than 20% typically pay PMI — a monthly insurance premium that protects the lender. PMI can generally be removed once sufficient home equity is established.
Loan Limits:
Conventional loans follow conforming loan limits set annually by the Federal Housing Finance Agency (FHFA). Loan amounts above these limits fall into the jumbo loan category.
Disclaimer: Credit requirements, income guidelines, down payment requirements, and loan terms vary by lender and individual borrower profile. The information above is for educational purposes only and does not constitute a loan offer or commitment to lend. Contact Julian Quezada for a personalized assessment of your specific situation. All loans subject to credit approval. NMLS #2371836.

Conventional Loan FAQ

Q: What is the difference between a conventional loan and an FHA loan?

A: The main differences are that conventional loans are not government-insured, generally require a stronger credit profile, and offer more flexibility in property types and uses. FHA loans are government-backed and may be more accessible for borrowers with limited credit history.

Q: Can I use a conventional loan to buy an investment property?

A: Yes. Unlike FHA and VA loans, conventional loans can be used to purchase investment properties and second homes, in addition to primary residences.

Q: What is PMI, and can it be removed?

A: PMI is Private Mortgage Insurance — a monthly premium typically required when the down payment is less than 20%. PMI can generally be removed once you reach sufficient equity in your home, subject to lender guidelines.

Q: Can self-employed borrowers qualify for a conventional loan?

A: Yes. Self-employed borrowers can qualify for conventional loans with appropriate income documentation. Contact me to discuss your specific situation.

Q: What happens if I want to borrow more than the conforming loan limit?

A: Loan amounts above the conforming loan limit fall into the jumbo loan category, which has its own qualification guidelines. Contact me to discuss your options.

Q: I speak Spanish — can you guide me through the conventional loan process in Spanish?

A: Absolutely. As a bilingual mortgage strategist, I guide clients through the entire mortgage process in both English and Spanish — from your first question to your closing day.

Why Work With Julian Quezada?

Licensed Mortgage Loan Originator — NMLS #2371836
Bilingual service — English and Spanish
18+ years of real estate experience
Legal background in real estate transactions
International real estate background
Response within 24 hours guaranteed
Part of Mpire Financial Group LLC — NMLS #2108504

Ready to Get Started?

Whether you’re buying your first home, upgrading to a larger space, or investing in real estate, I’m here to help you find the right conventional loan solution — in English or Spanish.
Call or text: 407-759-5390
Toll-free: 833-9JULIAN
Email: julian@julian.mortgage
Apply online: julian.mortgage/apply-now
Julian Quezada | NMLS #2371836 | Mpire Financial Group LLC | NMLS #2108504. This is not a commitment to lend. All loans subject to credit approval. Licensed states available upon request.