Who's it for?

  • Homebuyers who don’t want to add mortgage insurance to their payments

  • Homebuyers with a 20% down payment

  • Homebuyers shopping for properties commonly restricted by government loans

  • Refinancers who want to drop mortgage insurance

Advantages Of a strong down payment

Directors Mortgage conventional loans come in a variety of options and with excellent advantages for borrowers who have a strong down payment. Under a conventional loan, a borrower with a 20% down payment or 20% equity can eliminate mortgage insurance.

no property type restrictions

While FHA and other government loans can have certain property restrictions, a conventional loan can be used on nearly all property types. If you can’t afford the 20% down payment, you can still get a conventional loan with as little as a 3% down payment.