A Conventional Loan is a traditional mortgage designed for borrowers with steady employment income and good credit. Lenders verify income using W2 forms, pay stubs, and tax returns, making it a straightforward option for homebuyers and those looking to refinance.

This loan program is ideal for salaried and hourly employees who receive a consistent paycheck from an employer. If you have a stable job and can provide standard income documentation, this is one of the most accessible mortgage options available.

✔ Provide W2 forms for the last 1-2 years to verify your income.
✔ Submit recent pay stubs (typically covering the last 30-60 days).
✔ Provide tax returns for additional income verification.
✔ Maintain stable employment history (usually at least 2 years in the same field).
✔ Meet the minimum credit score requirement (varies by lender).

✔ 24-hour pre-approval once W2s, pay stubs, and tax returns are submitted.
✔ Full loan approval in as little as 3–5 days after appraisal and other required documents are received.

✔ Loan amounts typically range from $800,000 to $1.2 million, but vary by state and lender.
✔ Loan-to-value (LTV) ratios typically go up to 97%, meaning as little as 3% down payment may be required.
✔ Credit score requirements start at 620 FICO, but vary by loan type and lender.

(Note: Loan guidelines may change weekly, so final approval amounts and terms will vary.)