Conventional Loans The Flexible Choice

Conventional Loans in Jena, LA | Kamron Kimbrough

Review conventional loan requirements, down payment, 2026 loan limits, and PMI basics with Kamron Kimbrough at GoRascal in Jena and Central Louisiana.

Conventional Loans The Flexible Choice

What is a conventional loan?

Programs that may fit

What conventional lenders look at

2026 conforming loan limits

Private mortgage insurance, explained

When conventional may compete with FHA or other programs

From application to closing

How I can help

Frequently Asked Questions

LET'S TALK

A widely used home financing option with flexible terms and competitive rates for borrowers who meet conventional guidelines.

The standard

A conventional loan is a mortgage that is not insured or guaranteed by a government agency such as FHA, VA, or USDA. Most follow guidelines set by Fannie Mae and Freddie Mac, the agencies that buy many of these loans from lenders. Those shared guidelines are why conventional loans are a common starting point for buyers with solid credit.

Conventional financing is also flexible. The same loan type can finance a primary home, a second home, or an investment property, and the down payment and mortgage insurance rules depend on the details of your file.

Quick Eligibility Check

Educational suggestions based on typical guidelines — not a credit decision, pre-approval, or a commitment to lend.

Qualifying

Conventional guidelines reward a complete file: steady income, manageable debts, and a clear down payment source. These are the factors that shape pricing and approval.

These are general guidelines. Each lender's current overlays and automated underwriting findings determine what applies to your file.

Loan limits

The Federal Housing Finance Agency sets conforming limits each year. The national baseline for a one-unit property is $832,750. Certain high-cost counties have a higher ceiling, but that ceiling does not apply everywhere.

The applicable limit depends on the property's county and the number of units. Loans above your county limit are jumbo loans, which follow different rules. See the jumbo loan page for details.

The high-cost ceiling applies only to designated counties. Alaska, Hawaii, Guam, and the U.S. Virgin Islands use the higher figures. Two- to four-unit limits are not shown here. Confirm the current limit for your property's county and unit count with FHFA or your lender.

Mortgage insurance

With less than 20% down, most conventional loans include private mortgage insurance (PMI). It protects the lender, not you, but it adds to your monthly cost. The good news is that conventional PMI is designed to end.