Conventional
Conventional Loans
A flexible, popular option for buyers with solid credit and a steady down payment.
Overview
Conventional loans are the most common mortgage type, offering competitive rates and flexible terms for qualified borrowers. They are not backed by a government agency, which means eligibility is driven by credit, income, and down payment. With as little as 3% down for eligible first-time buyers and no upfront mortgage insurance like some government programs, conventional loans are a strong fit for many buyers who have stable income and a solid credit history.
Who It May Fit
Buyers with stable income, solid credit, and a down payment of 3% or more — especially those who want to avoid government-backed program requirements.
Potential Benefits
- Down payments as low as 3% for eligible first-time buyers
- No upfront mortgage insurance requirement
- Competitive fixed and adjustable rates
- Flexible loan terms (15, 20, and 30 years)
- Available for primary, second home, and investment properties
- No government-mandated occupancy restrictions on second homes
Important Considerations
- Private mortgage insurance (PMI) typically required with less than 20% down
- Stricter credit and debt-to-income requirements than government-backed programs
- Higher down payment may be needed for investment or second-home properties
Conventional Loans Specialists
Brett Roesch
Mortgage Loan Officer
Brett Roesch is a dedicated Senior Loan Officer and military veteran committed to helping families achieve the American dream of homeownership. With personal experience using VA benefits, he specializes in guiding servicemembers and local residents through the lending process in Washington and Oregon.
4.99(176)GoogleZillowKahren Oxner
Founder & CEO
Kahren founded One Eleven Mortgage to provide clients and realtor partners with unmatched options and a personal, boutique experience. With years of experience across conventional, government, and Non-QM lending, she specializes in complex scenarios — investors, self-employed borrowers, and ITIN financing.
Angela Valdez
Operations Manager Mortgage Loan Officer
With over 16 years of experience, I am dedicated to helping families across Oregon and Washington achieve their homeownership dreams. As a Loan Officer and Branch Operations Manager at One Eleven Mortgage, I combine deep expertise with personalized care to ensure a seamless lending experience.
Keri Vincent
Mortgage Loan Officer
As a Loan Originator with One Eleven Mortgage, I am dedicated to providing clear, honest guidance to help my clients feel confident throughout their homebuying journey. I prioritize building lasting relationships and am committed to supporting you from our first conversation through to closing.
Next Step
See if It Fits Your Goals
Connect with a One Eleven loan officer to review eligibility, structure, and next steps.