Conventional loans, priced by a bank that keeps its word.

Best for

• Buyers with solid credit
• Second homes and investment properties
• Anyone who wants PMI to drop off

Why conventional

Conventional mortgages are widely used for purchasing primary residences, second homes, or investment properties. They offer flexibility in loan terms and repayment options, and once you build 20% equity you can eliminate private mortgage insurance and lower the monthly payment.

Fixed or adjustable

The 30-year fixed has a constant rate and a payment that never changes, a good choice if you plan to stay seven years or longer. The 15-year fixed carries a lower rate and pays the home off twice as fast. Our 5/6 and 7/6 ARMs fix the rate for the first years, then adjust, which suits buyers who expect to move or refinance before the adjustment.

Sold or kept

Home State Bank is a Fannie Mae direct seller and a portfolio lender. That means we can place your conventional loan wherever it gets the best execution, including our own balance sheet when your file fits better there.

Questions people ask

What credit score do I need?

Most conventional programs start at 620. Better scores earn better pricing, and as a portfolio lender we can look at the full picture when a score alone doesn't tell the story.

When does PMI go away?

You can request cancellation at 80% loan-to-value, and it drops automatically at 78% based on the original amortization schedule.