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Home Loans with Down Payments as Low as 3%

Conventional loans are the most common type of home loan in the mortgage industry. They are funded by private lenders, including Town Square Mortgage, and then often sold to government-sponsored enterprises, including Fannie Mae and Freddie Mac. 

Fast, Easy and Affordable Home Loans

Happy Childhood
Morning Stroll

Flexible Loan Options


Repayment Terms

A Fixed-Rate Mortgage has an interest rate that remains the same for the life of the loan. An Adjustable-Rate Mortgage (ARM) is a home loan with an interest rate that can change periodically. 

Qualification Requirements

  • Minimum 620 credit score 

  • Flexible qualification guidelines

  • Gifts allowed

  • Co-Borrowers allowed

  • U.S. Citizen, permanent and non-permanent resident alien status allowed 

  • DACA and A12 eligible  

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Down Payment Assistance (DPA)

105% Combined Loan-to-Value (CLTV) with Down Payment Assistance 

  • ​Fannie Mae HFA Preferred

  • Freddie Mac HFA Advantage 

  • Income limit requirements



Lower Mortgage Insurance Costs

  • No upfront mortgage insurance fee for additional savings

  • Less expensive monthly insurance payments than most other home loans 

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Benefits for First-Time Homebuyers

Access to special home loan solutions, including:

  • Fannie Mae 3% down for First-Time Home Buyers (FTHB)

  • Freddie Mac Home One 

  • Standard mortgage insurance

  • No income limit requirement


Note: You can qualify as a first-time homebuyer if you owned a home more than three years ago.

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