Conventional Home Loans
in Virginia, Maryland & Washington DC
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Competitive rates, flexible terms, and fast approvals for qualified
homebuyers and homeowners.
✔No impact on your credit to check eligibility
✔Fast approvals 24–48 hours
✔Local experts in VA, MD and DC
Conventional loans remain one of the most popular mortgage options for qualified buyers in Virginia, Maryland, and Washington DC. With competitive interest rates, flexible terms, and the ability to remove private mortgage insurance, conventional financing offers long-term value for borrowers with strong credit profiles.
Conventional Loan Highlights
• Down payments as low as 3%
• Competitive fixed and adjustable rates
• No upfront mortgage insurance premium
• Cancel PMI at 20% equity
• Available in Virginia, Maryland & Washington DC
Apply for a Conventional Loan
in Virginia, Maryland & DC
This is a secure, no-obligation request. We’ll review your information and discuss your best conventional loan options.
Conventional home loans in Virginia, Maryland, and Washington DC are a flexible mortgage option for qualified homebuyers and homeowners. If you have stable income and strong credit, a conventional mortgage can provide long-term savings and fewer restrictions compared to government-backed loans. At ABC United Finance Corp, we help buyers and homeowners across the region secure competitive conventional financing with confidence.
What Is a Conventional Loan?
A conventional loan is a mortgage that is not backed by the federal government. Instead, it follows lending guidelines established by:
- Fannie Mae
- Freddie Mac
These agencies standardize mortgage lending and allow lenders to offer competitive conforming loan programs.
Because conventional loans are not government-insured, they often provide:
- Lower long-term borrowing costs
- Flexible loan terms
- Faster underwriting timelines
- Fewer property restrictions
- Mortgage insurance removal options
Conventional loans are available for:
- Primary residences
- Second homes
- Investment properties
- Refinances
Why Choose Conventional Home Loans Virginia Maryland DC?
Conventional loans remain one of the most attractive mortgage options because they offer:
✔ Down payments starting at 3%
✔ Competitive interest rates
✔ Loan terms from 10 to 30 years
✔ No upfront mortgage insurance premium
✔ Cancelable PMI at 20% equity
✔ Higher loan limits in many VA, MD & DC counties
✔ Ideal for borrowers with strong credit
For many borrowers in Northern Virginia, Montgomery County, and Washington DC, conventional loans provide lower total costs compared to FHA financing.
Down Payment Requirements
Conventional mortgages offer flexible down payment structures:
- 3% down – First-time homebuyers
- 5% down – Most primary residence purchases
- 10% down – Second homes
- 15–20% down – Investment properties
Gift funds are permitted for primary residences depending on your credit profile and program eligibility.
Conventional Loan Eligibility Requirements
To qualify for a conventional mortgage in Virginia, Maryland, or DC, lenders typically require:
- Minimum credit score of 620
- Stable income and employment history
- Acceptable debt-to-income ratio
- Sufficient assets for down payment and closing costs
- No recent major credit events
Borrowers with higher credit scores may receive:
- Better interest rates
- Reduced mortgage insurance costs
- Improved approval terms
Real-World Conventional Loan Scenarios
| Scenario | Home Price | Down Payment | Result |
|---|---|---|---|
| First-Time Buyer – Fairfax, VA | $480,000 | 3% | Approved with low-MI conventional loan |
| Move-Up Buyer – Montgomery County, MD | $650,000 | 5% | Competitive rate with future PMI removal |
| Second Home – Ocean City, MD | $525,000 | 10% | Approved for second-home financing |
| Investment – Arlington, VA | $590,000 | 20% | Approved with favorable investor pricing |
| Refinance – Washington, DC | $510,000 | N/A | Removed PMI & lowered monthly payment |
Conventional vs. FHA Loans
Conventional loans differ significantly from FHA loans.
Conventional Advantages:
- Mortgage insurance can be removed
- Lower long-term cost with strong credit
- Greater flexibility for second homes & investments
- Higher loan limits in many counties
FHA May Be Better If:
- Credit score is below 620
- Higher debt-to-income ratio
- Limited savings
- Recent credit challenges
Compare with our FHA Loan options to determine which program fits your situation best.
Who Should NOT Choose a Conventional Loan?
A conventional mortgage may not be ideal if:
- Credit score is below 620
- You need more flexible DTI guidelines
- You have recent bankruptcy or foreclosure
- You are purchasing a multi-unit property with minimal down payment
- You want the lowest possible monthly payment with lower credit
In these cases, FHA or USDA Loan may provide stronger options.
Refinancing an FHA Loan Into a Conventional Loan
Many homeowners refinance from FHA to conventional financing to:
- Eliminate mortgage insurance
- Lower monthly payments
- Reduce interest rates
- Access home equity
If your home value has increased or your credit has improved, refinancing into a conventional mortgage could save you thousands over time.
Not sure what loan amount fits your budget?
Try our Mortgage Calculator to estimate your monthly payment.
2026 Conventional
Loan Limits
Loan limits are established annually by the Federal Housing Finance Agency.
2026 Conforming Limits:
- Standard Limit: $832,750
- High-Cost Areas (VA, MD & DC): Up to $1,249,125
High-cost counties in your area include:
- Arlington County, VA
- Fairfax County, VA
- Loudoun County, VA
- Montgomery County, MD
- Washington, DC
Staying within conforming loan limits often provides better pricing than jumbo financing.
Closing Costs for Conventional Loans
Closing costs typically range between 2%–5% of the loan amount and may include:
- Appraisal
- Title insurance
- Origination fees
- Taxes
- Insurance
Seller credits and lender credits may reduce your upfront costs.
Have more questions about closing costs? Explore our home loan resources for detailed guides.
Can You Qualify If You Owe Taxes?
Yes — you may still qualify if:
- You have an IRS payment plan
- At least one payment has been made
- The monthly obligation is included in your DTI
Tax debt does not automatically disqualify you.
Conventional Loans
in Virginia, Maryland & Washington DC
As a local mortgage lender serving VA, MD & DC, ABC United Finance Corp understands:
- Northern Virginia housing market dynamics
- Montgomery County pricing structures
- Washington DC loan limit considerations
- Competitive bidding environments
We structure conventional loan approvals that position buyers strongly in today’s market.
Why Choose ABC United Finance Corp?
✔ Local expertise in VA, MD & DC
✔ Fast pre-approvals
✔ Competitive conventional rates
✔ Clear, transparent communication
✔ Personalized mortgage strategies
What Our Clients Say
⭐⭐⭐⭐⭐ “ABC United Finance made our first home purchase in Fairfax incredibly smooth. We closed on time with only 3% down.”
— Emily & Jordan S., VA
⭐⭐⭐⭐⭐ “We refinanced from FHA to conventional and saved over $300 per month.” — Marcus T., MD
⭐⭐⭐⭐⭐ “They understood the DC market and secured a strong rate with only 5% down.” — Rachel L., DC
Conventional Loan FAQs
What Credit Score do I need?
Minimum 640. Higher scores receive better pricing.
How much is the minimum down payment?
As low as 3% for first-time buyers.
Can PMI be removed?
Yes. PMI can be canceled at 20% equity.
Are Conventional loans good for first-time buyers?
Yes, especially for borrowers with solid credit.
Can I use gift funds?
Yes, for primary residences.
Can I buy an investment property?
Yes. Conventional loans are ideal for investors.
Can I refinance FHA into conventional?
Yes. Many homeowners refinance to eliminate PMI.
What are typical closing costs?
2%–5% of the loan amount.
Get Pre-Approved for a Conventional Loan Today
Whether you’re:
• Buying your first home
• Moving up to a larger property
• Purchasing a second home
• Investing in real estate
• Refinancing to remove PMI
Our team makes the process simple, fast, and stress-free.
📞 Schedule Your Free Consultation
💻Request a Personalized Quote
🏡 Serving Virginia, Maryland & Washington DC
