LOW DOWN PAYMENT
Conventional Mortgage
A non-government-backed loan that follows guidelines set by Fannie Mae and Freddie Mac. Widely used and highly flexible for qualified buyers.
Flexible & Competitive
Minimum down payment
3%
For first-time buyers
PMI required?
<20% down
Removed once you hit 20% equity
Loan limit (2025)
$806,500
MA conforming limit
Credit score
620+
Better rates at 740+
WHY BUYERS LOVE IT
As little as 3% down - no large upfront cash required
PMI can ve removed once you reach 20% equity
Available for primary homes, second homes, and investment properties
No upfront mortgage insurance premium like FHA requires
THINGS TO CONSIDER
Stricter credit and income requirements than government-backed loans
Best rates reserved for borrowers with stronger credit profiles
Ideal for: Buyers with solid credit (620+), stable income, and who want flexible property options without government program restrictions.
Settle down in your new home without a loan you had to settle for
MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER
Aisha Barbosa NMLS # 2401636 | LMP Financial NMLS # 2754084
Licensed in Massachusetts and Rhode Island
