Find the Right Loan
for Your Situation
From first-time buyer programs to jumbo loans for luxury homes, Turn Times offers every major mortgage product with expert guidance at every step.
Conventional Loans
The most popular loan type — flexible, widely available, and competitive.
Conventional loans are not backed by the government, making them the most versatile option for borrowers with good credit. They offer competitive rates, flexible terms (10–30 years), and the ability to cancel PMI once you reach 20% equity.
Pros
- No upfront mortgage insurance premium
- PMI can be cancelled at 20% equity
- Available for primary, secondary, and investment properties
- Wide range of term options (10, 15, 20, 30 years)
Cons
- Stricter credit requirements than FHA
- Higher down payment needed to avoid PMI
- Not available for loan amounts above conforming limits
Today's Rate
6.124%
APR 6.273%
Not sure which loan is right?
Take our 2-minute quiz to find the best loan for your situation.
Compare Loan Types
Select up to 4 loan types to compare side by side.
| Feature | Conventional6.124% | FHA5.375% | VA5.490% |
|---|---|---|---|
| Min. Down Payment | 3% | 3.5% | 0% |
| Min. Credit Score | 620 | 580 | 580 |
| Max. DTI | 45% | 50% | 41% |
| Today's Rate | 6.124% | 5.375% | 5.490% |
| APR | 6.273% | 6.246% | 5.856% |
| Loan Limit | $766,550 | $498,257 | No limit (with full entitlement) |
| Mortgage Insurance | Required if < 20% down | Required for life of loan (if < 10% down) | None |
| Apply | Apply | Apply |
Which Loan Is Right for Me?
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