Conventional mortgages offer borrowers flexibility, lower interest rates, and the ability to avoid private mortgage insurance with a 20% down payment. But they also come with higher credit score requirements and stricter debt-to-income ratio limits. Learn about the pros and cons to decide if a conventional mortgage is right for you.

Conventional mortgages are a great option for borrowers with good credit and stable income. With flexible terms, lower borrowing costs, and the ability to avoid private mortgage insurance (PMI) with a 20% down payment, conventional loans provide an ideal financing solution for purchasing a home, vacation property, or investment property.