Conventional home loans are a widely used mortgage option not insured by the government, typically offered through private lenders. To qualify, borrowers need a strong credit history, steady employment, and a reliable source of income. Lenders will also review your debt obligations to ensure you can comfortably manage monthly payments. You’ll be required to provide financial documents such as tax returns, proof of income, and bank statements during the application process.

A down payment is also necessary, though the amount can vary. While some borrowers may qualify with a smaller initial payment, offering a higher amount upfront can help reduce overall costs and monthly payments. Overall, conventional loans are ideal for individuals with stable finances and good credit who want a flexible and potentially cost-effective path to homeownership.