Conventional Home Loan

Conventional mortgage loans offer down payment options for qualified homebuyers.

Conventional loan programs offer flexibility and options other loan types do not. Our conventional loan adheres to the GSE (Fannie Mae and Freddie Mac) guidelines but are available through Angel Oak.

  • Available for purchase and cash-out or rate-term refinance
  • Owner occupied
    • Single family, townhomes, and warrantable condos
  • Primary, second home, and investment properties
  • Various down payment options available


Do all conventional loans require private mortgage insurance (PMI)?

Lenders will require private mortgage insurance (PMI) on conventional loans when a homebuyer is putting less than 20 percent down on a purchase property. A homebuyer may cancel PMI once they have 20 percent equity in their property.

Can a conventional loan be refinanced?

Yes, a conventional loan may be refinanced. When refinancing a conventional loan, PMI will be required if the loan to value of the property has less than 20 percent equity.

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