At Kind Lending, we’re committed to helping you make informed decisions when it comes to your mortgage. One of the most popular options for homebuyers today is a conventional mortgage. But what exactly does that mean, and why might it be the best choice for you? Let’s break it down.

What is a Conventional Mortgage?

A conventional mortgage is a home loan that is not insured or guaranteed by a government entity, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). Instead, these loans are provided by private lenders like Kind Lending and are typically sold to entities like Fannie Mae or Freddie Mac, which are government-sponsored enterprises.

Benefits of a Conventional Mortgage

1. Flexible Terms: Conventional mortgages often come with more flexibility in terms of loan structure. You can choose between fixed-rate mortgages and adjustable-rate mortgages (ARMs), allowing you to pick the option that best suits your financial goals.
2. Higher Loan Limits: Unlike government-insured loans, which have lower limits, conventional loans often allow for higher loan amounts. In fact, have you seen the announcement for 2025’s conforming loan limit increase?
3. No Private Mortgage Insurance (PMI) with 20% Down: If you put 20% or more down, you can avoid the extra cost of PMI, which will reduce your monthly payment.  
4. Cancelable PMI – Unlike FHA mortgages which has mortgage insurance for the life of the loan, PMI can be cancelled once you have 20% equity in your home.
5. Faster Approval Process: Since conventional mortgages are handled by private lenders and aren't dependent on government approval, the application and approval process can be quicker and more straightforward.

Is a Conventional Mortgage Right for You?

If you have a strong credit history, stable income, a conventional mortgage could be an excellent choice. At Kind Lending, we aim to provide you with all the resources and tools you need to make an informed decision.

Why Choose Kind Lending for Your Conventional Mortgage?

At Kind Lending, we’re more than just a lender—we’re a partner in your homeownership journey. We pride ourselves on transparency, personalized service, and supporting your long-term financial goals. Whether you're a first-time homebuyer or looking to refinance, our team of experts is here to answer your questions and guide you every step of the way.

When you're ready to take the next step, let Kind Lending be your trusted resource for all things mortgages. We’re here to help you achieve your dreams of homeownership with confidence!

Have more questions about conventional mortgages? Contact a Kind Loan Officer today to learn more!