LOAN PROGRAM
Conventional Loans
A flexible path for a wide range of homebuyers.
How it works.
A conventional loan is a mortgage that is not insured or guaranteed by a government agency. It can be a good fit for borrowers with established credit and documented finances, and is available with different term and rate structures.
At a glance
- Not government insured or guaranteed
- Fixed-rate and adjustable-rate options may be available
- Useful to compare with FHA or other programs
What to consider
Your down payment, credit profile, loan size, and property type all affect the options available. Depending on the loan and down payment, mortgage insurance may apply. A Barrett loan officer can compare the full monthly payment and closing costs with other programs.
Program details and qualification depend on the lender and your circumstances.
Explore your next step
Get guidance on eligibility, costs, and how this option compares with others.