08/31/2026
Happy Monday! 👋 This week I'm breaking down three things most people get wrong about Conventional loans — and at least one of these will probably surprise you.
🏠 Fact #1 — You don't need 20% down.
The minimum down payment for a Conventional loan on a primary residence is 3%. That's it. The 20% myth has been keeping people out of homes for years and it needs to stop.
🔍 Fact #2 — PMI doesn't just disappear.
A lot of borrowers assume that once they hit 20% equity their PMI automatically drops off. It doesn't. You have to proactively request the removal — and there are specific requirements to do it. If nobody tells you this you could be paying PMI longer than you need to.
📋 Fact #3 — There's no minimum FICO score for a Conventional loan.
This surprises people. Fannie Mae and Freddie Mac don't set a minimum credit score — individual lenders do. That means the number you've been told might disqualify you isn't necessarily the whole story.
This is exactly why talking to the right people matters. The details make a real difference.
Have questions about whether a Conventional loan is right for your situation? Drop them below or send us a message. 👇
