By using our website, you agree to the use of our cookies.


The conventional products that we offer cover a range of options for any borrower and situation.

The Conventional Loan

The most common type of home mortgage product is the conventional loan. Conventional loans, also known as conforming loans, follow the lending standards set by Fannie Mae and Freddie Mac.


High Loan Amount

Waived or No Mortgage Insurance

Flexible Terms


Loan Limits

$75,000 – $647,200

The loan limit for conventional loans is capped by Fannie Mae and Freddie Mac.

Loan to Value

Up to 97%

The conventional loan can be used to finance up to 97% of the home’s appraised value, meaning a minimum down payment of 3% is required.

Credit Score

680 or higher

To qualify, you’ll typically need a credit score of at least 680. Borrowers with higher scores can take advantage of lower rates.*


Fixed: 15, 20, 25, 30

ARM: 3/1, 5/1, 10/1

Conventional loans have many options for the terms.*

Mortgage Insurance

Monthly, Single Paid, or Waived

If you put down less than 20%, a lender will require you to pay for the Private Mortgage Insurance (PMI).

Additional Details

A conventional loan can be used to purchase or refinance a primary residence, a second home, or an investment property.

This loan can also be used with a HELOC (Home Equity Line of Credit) or a Fixed Equity Loan.



10151 SE Sunnyside Rd #220
Clackamas, OR 97015

Start a conversation


App Download


@rootmortgage | #rootmortgage

© Copyright 2021 Root Mortgage is a division of Root Executives, LLC NMLS 1830982 Oregon License # ML-5796 Washington License # CL-1830982. All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.

Company NMLS 1830982          NMLS Consumer Access          Privacy Policy

Google Reviews
Better Business Bureau: A+ Rating