No upfront mortgage insurance. PMI that actually goes away when you build equity. Flexible for primary homes, second homes, and investment properties. And if you're above conforming limits, our jumbo program goes up to $3.5M. This is the program most well-qualified buyers should be on — let's confirm it's the right fit for you.
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Conventional Programs
Conventional isn't one-size-fits-all. Whether you're putting 3% down or 20%, buying your first home or an investment property, we'll find the right conventional structure for your situation. We run your file through both Fannie Mae and Freddie Mac and use whichever gives you the better terms.
Standard and high-balance conforming loans with the best long-term terms for qualified borrowers.
Jumbo Loans
When your loan amount exceeds the conforming limit in your county, you move into jumbo territory. FlexPoint's jumbo program offers competitive terms, flexible property types, and up to 6% in seller contributions — without the restrictive overlays many jumbo lenders add.
Above conforming limits — full doc or bank statements accepted, competitive rates.
The Process
From inquiry to closing, here's what the conventional and jumbo loan process looks like with FlexPoint.
We review your income, credit, and goals. If conventional or jumbo is the right fit, we tell you exactly which program and why — and if a different program would serve you better, we'll say that too. No credit pull required to start.
We run your file through both Fannie Mae and Freddie Mac and present you with the best option. Most borrowers have a pre-approval letter within one business day — strong enough to compete against cash buyers in fast markets.
W-2s, pay stubs, two years of tax returns, and two months of bank statements. For jumbo, reserve documentation is typically also required. We give you an exact checklist so nothing falls through.
Your home is appraised for value, and your file goes to underwriting for a full review against Fannie Mae or Freddie Mac guidelines. We keep you informed throughout — no disappearing acts during the underwriting process.
Once we receive the clear to close, you sign documents at the closing table and get your keys. Conventional loans typically close in 21–30 days for a clean file. We track every milestone so there are no surprises.
We review your income, credit, and goals. If conventional or jumbo is the right fit, we tell you exactly which program and why — and if a different program would serve you better, we'll say that too. No credit pull required to start.
We run your file through both Fannie Mae and Freddie Mac and present you with the best option. Most borrowers have a pre-approval letter within one business day — strong enough to compete against cash buyers in fast markets.
W-2s, pay stubs, two years of tax returns, and two months of bank statements. For jumbo, reserve documentation is typically also required. We give you an exact checklist so nothing falls through.
Your home is appraised for value, and your file goes to underwriting for a full review against Fannie Mae or Freddie Mac guidelines. We keep you informed throughout — no disappearing acts during the underwriting process.
Once we receive the clear to close, you sign documents at the closing table and get your keys. Conventional loans typically close in 21–30 days for a clean file. We track every milestone so there are no surprises.
Who This Is For
Conventional loans reward solid credit and stable income. For the right borrower, they're almost always the lowest long-term cost option. Here's who benefits most.
Your Credit Score Is 620 or Higher
Conventional rewards good credit with better rates and lower long-term insurance costs than FHA. The stronger your score, the better the terms.
You Have 20% to Put Down
Put 20% down and eliminate PMI entirely — the most cost-efficient path to homeownership for borrowers who have the savings.
You're a First-Time Buyer With Moderate Income
HomeReady and HomePossible offer 3% down with reduced PMI for borrowers within qualifying income limits. A strong conventional alternative to FHA for buyers with decent credit.
You're Buying a Second Home or Investment Property
Conventional is one of the few programs that allows second homes and investment properties. FHA does not. If you're building a portfolio or buying a vacation home, conventional is typically the only agency option.
You Want to Refinance Out of an FHA Loan
Once you've built enough equity, refinancing from FHA to conventional removes permanent MIP and typically lowers your monthly payment significantly. It's one of the most common refinance moves we see.
You're a Non-Permanent Resident Alien
Both Fannie Mae and Freddie Mac allow Non-Permanent Resident Aliens with valid work authorization and a U.S. credit history. One of the few agency programs with this flexibility.
Your Loan Is Above the Conforming Limit
If your purchase price exceeds the conforming limit in your county, you need a jumbo loan. Our program goes up to $3.5M with LTV to 85% — strong terms for high-value purchases.
You Want the Lowest Long-Term Mortgage Cost
No upfront MIP. PMI that drops off automatically at 20% equity. No government guarantee fees. For borrowers who qualify, conventional is almost always cheaper over the full loan life than FHA.
The FlexPoint Difference
Nearly 30 years and $5B+ in funded loans. Here's what that means when you're shopping for the best conventional or jumbo rate.
Tell us a little about your situation. A FlexPoint loan officer will compare conventional and jumbo against every other program you qualify for — and give you a side-by-side breakdown so you can see the real difference. No credit pull required to start.
By submitting this form, you consent to be contacted by FlexPoint Inc. regarding your inquiry. This is not a commitment to lend. All loans subject to credit approval. Restrictions apply. Some products may not be available in all states. FlexPoint Inc. NMLS #243082.
FAQ
The questions homebuyers and refinancers ask us most about conventional and jumbo programs.
Licensed & Regulated
NMLS #243082 — fully licensed and compliant across all states where we operate.
Nearly 30 Years of Experience
In business since 1996 with over $5 billion in real estate loans funded.
Integrity & Transparency
Every member of this team is held to the same standard — honest advice, no pressure, real results.
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