

CONVENTIONAL LOANS
Home Loans for Down Payments as Low as 3%
The most common type of home loan in the mortgage industry, conventional loans are funded by private lenders, including Town Square Mortgage, and then often sold to the government-sponsored enterprises including Fannie Mae and Freddie Mac.
Fast, Easy and Affordable Home Loans
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Down payments as low as 3%
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Lower rates with maximum flexibility
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Less paperwork needed


Flexible Loan Options
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Choice of Fixed-Rate or Adjustable-Rate loans
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Applicable to most property types
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Available to first-time or seasoned homebuyers
Qualification Requirements
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Minimum 620 credit score
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Flexible qualification guidelines
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Gifts allowed
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Non-Occupying status allowed
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Co-Borrowers allowed
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US Citizen, permanent and non-permanent alien status allowed
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DACA and A12 eligible
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Standard mortgage insurance


Down Payment Assistance
105% Combined Loan-to-Value (CLTV) with our down payment assistance
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Fannie Mae HFA Preferred
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Freddie MAC HFA Advantage
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Income limit requirements
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Lower Mortgage Insurance Costs
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No upfront mortgage insurance fee for additional savings
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Less expensive monthly insurance payments than most other home loans


Benefits for First-Time Homebuyers
Access to special home loan solutions, including:
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Fannie Mae 3% down for First Time Home Buyers (FTHB)
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Freddie Mac Home One
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Standard mortgage insurance
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No income limit requirement
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Eligible for MCC (overlays may apply)
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Note: You can qualify as a first-time home buyer even if you owned a home three years ago.