Conventional loans

What is a Conventional loan?

A Conventional loan is a non-government loan that meets requirements set by the Federal Housing Finance Agency (FHFA) and meets the funding criteria of Freddie Mac and Fannie Mae. Conventional loans offer low interest rates to borrowers with excellent credit scores.

 Conforming Loan Limits | Guild Mortgage

Competitive rates and countless options

Homebuyers seeking a Conventional loan typically enjoy the largest selection of loan options at the most competitive rates. Since risks and guidelines are well-defined, Conventional loans are popular with both mortgage lenders and homebuyers. Most lenders will offer several different programs tailored to different homebuyer situations, which means you can shop for the most competitive rates and terms to maximize how much you can get from a loan.

Who should get one:

  • Homebuyers with good credit (scores as low as 620) and a qualifying debt-to-income ratio
  • Homebuyers who do not need to borrow more than their county loan limits


  • Both fixed- and adjustable-rate options available
  • Financing up to 97% of the purchase price*
  • Loan amount may not exceed county loan limits (varies on a county-by-county level)

*up to 95% with conforming high-balance

If you don’t qualify for a Conventional loan:

Conventional loans are popular because they have such clearly defined guidelines. For anyone who doesn’t meet those guidelines, Guild has other options like FHA loans to help you qualify for the property you love.

All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

Ready to get started? Get an estimate of your mortgage payment with our mortgage payment calculator.

Home Loan Guide

Questions about the home buying process? Our Home Loan Guide has the answers you need to make smart decisions. Learn More

We stand behind our loans

Mary Ann McGarry "We can help you find solutions, with a personal touch.” - CEO, Mary Ann McGarry
  • Real people at your side to make the complex loan process simple
  • Hundreds of products and programs, especially for first-time homebuyers
  • Fast, responsive, in-house loan operations to get you funded on time
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