Conventional Loans

Fannie-Mae (FNMA), Freddie-Mac (FHLMC)


We will help you get into your dream home because we offer a full array of mortgage products to fit your needs. This section is here to help you understand Conventional mortgage products. When you hear the term “conventional”, most likely you’re hearing about Fannie-Mae (FNMA) and Freddie Mac (FHLMC). A conventional loan is available with as little as a 3% down payment. We have been helping many individuals and families purchase homes with the amazing HomeReady and HomePossible program. Thru the approval process, we will give you the options available on these two popular programs. The most popular conventional loan is a fixed rate Fannie-Mae (FNMA) loan. Any conventional loan with less than 20% down payment will have monthly mortgage insurance. We have options to remove the mortgage insurance with as little as a 5% down payment but utilizing that option will increase the rate. Most of the time, clients will take the lower interest rate and then cancel the mortgage insurance once they have sufficient equity. In order to remove the mortgage insurance after you have purchased the home, you need to prove that you have at least 22% equity. When first purchasing the home, in order to not have mortgage insurance, you need to be prepared to pay at least a 20% down payment towards your home.

  • Down payments as low as 3%

  • Low, fixed interest rates

  • Cancellable mortgage insurance

  • Allows co-borrower flexibility

  • Accepts non-occupying co-borrowers

  • Accepts additional income sources

Conventional Requirements

The minimum credit score needed in order to obtain a conventional loan is 620. There are three credit bureaus that are considered when buying a home. The three credit bureaus are Equifax, Experian, and TransUnion. Each of these bureaus will give their own credit score (risk rating) for you. Sometimes, the credit bureaus will generate the same score only by coincidence, but most of the time you will see three different scores. The highest credit score given by any of the three bureaus is disregarded, the lowest credit score is then disregarded, and you are left with your middle credit score. The middle credit score is what is utilized to determine your eligibility and several other factors while obtaining a home loan. The property types allowed for conventional financing are single family homes, townhomes, villas, duplex(2 units), triplex (3 units), quadplex (4 units), and condos. You are able to live in one of the multi unit homes (duplex, triplex, or quadplex) and have the rental income to be received on the other units count towards your income to help qualify. Income also needs to be verified while obtaining a conventional mortgage. If you are self-employed, it is possible that we will review only your most recent tax year personal and business (if applicable) tax returns. If you are a wage-earner, someone that obtains a W2 at the end of the year, we will review your previous two year tax returns along with a current paystub. Don’t worry – if your previous income is significantly lower than your current income, we can use your higher income just as long as it is justified (increase in pay or a pay raise, promotion, working overtime hours, etc.). If you are retired, we would just need proof of your retirement income (Social Security, pension, etc.). We will also need to verify assets (bank statements) in order to obtain a conventional loan. Again, don’t worry – your funds to close can come as a gift just as long as it comes from an acceptable source (ie no cash money, unverifiable cash, etc.). Gift funds have to be verified but they are allowed.

Conventional Quick Facts

Minimum Score 620
Maximum Debt Ratio 50%
Minimum  Down Payment 3%
Pre-Payment Penalty No
Closing Cost Assistance Yes

   Contact Us

Local: 954-390-7994

Toll Free: 1-888-601-8344


Learn Tips About Buying a Home.

Ask us about our upcoming homebuyers workshops where you can learn everything you need to know about buying a home and what to expect during the home buying process. We cover all steps of the home buying process from beginning to end. Knowing the information taught in our workshops will make you an informed buyer, and informed buyers get the best interest rates and the best program possible.

What our clients say about their experience.

Don’t Take Our Word for It. Read What Our Customers Have to Say about AAA Capital Funding.

Ana AlvarezAna Alvarez
17:47 02 Jul 24
A huge THANK YOU to Jason Sarji, from AAA Capital Funding Inc. in getting a mortgage for my new home. He was fast and on top of absolutely everything. He was super professional, understanding, and reachable at all times. His prompt support to answer every question I had throughout my journey to get the loan made things much easier for me as a new home buyer, which I greatly appreciated!Great experience, never gave up.I recommend Jason to everyone looking for their dream home!
Vilma V OchoaVilma V Ochoa
16:34 09 May 24
My Family thanks this wonderful work team. They have made our dreams come true. Excellent professional service, unique and personalized treatment. I recommend them 100%.
Kyle SchottKyle Schott
00:01 11 Apr 24
Jason assisted me with my FIRST time purchasing a new home. I could not be happier with the service I was provided, he was there with me every step of the way. I appreciate him and will recommend him to anyone I know that may need a mortgage lender.
Mariam MirabalMariam Mirabal
13:34 09 Apr 24
We can’t thank your entire team enough for all of your hard work on getting our loan taken care of and early for that matter. Thanks Jason, for always being available to talk to me and reassure me. This is a culmination of everything we’ve worked for in our lives that is leading us to this moment. It’s the start of my “grown-up” life :)! And you all made it possible. Again, thank you so much from the bottom of our hearts and for making our biggest dream yet, come true!”
Denise WallenDenise Wallen
19:43 21 Jan 24
Jason and his wonderful team got us approved for our first home. We originally started with another broker but we felt it was best to rethink the home buying process based off of approval amounts. But our amazing realtor said not to give up and introduce us to Jason and his team. And the results were amazing from his involvement from the first contact and even after has been above and beyond. Thank you Jason and AAA Capital Funding.
Jessie RaeJessie Rae
19:19 03 Nov 23
Jason Sarji at AAA capital funding was so amazing to work with. Within a month he got my wife and I approved for a home loan and closed on our very first home. He was very knowledgeable and quick to answer any random questions and was always available to talk. We highly recommend using AAA capital funding to anyone who’s looking to purchase a home. Thank you guys so much ❤️❤️❤️
17:14 25 Oct 23
First time homebuyer here and I’m grateful that my experience was painless and successful. Jason Sarji kept me in the loop every step of the way and didn’t mind answering the million questions I had. The process was super quick. I found my home the first week of May and closed on June 1st. Less than a month. The home buying process can be scary and nerve wrecking and I can attest working with Jason made it a breeze… Best wishes you all and your new homes!!!
Jeanne BelizaireJeanne Belizaire
01:16 26 Sep 23
Thank for being very cooperative. because of AAA capital findings I am a homeowner. It was my very first experience and was skeptical at first 🤨 but then at the end I realized it was a great experience. I learned a lot in such a short time, Jason is very easy to work with, he’s customer service is a top tier. Looking forward to work with you again in the future. Thank you so much 😊
Nene ThomasNene Thomas
03:42 10 Aug 23
Jasonnnnnnnn! Is The BEST . He communicated with my spouse and I the entire time. Very professional, great communication, worked very fast I closed in about 2 months or less the BEST lender ever! You will NOT be disappointed. Believe every GREAT comment , he is truly AMAZING!
Lustaina HilaireLustaina Hilaire
01:52 04 Aug 23
My Word can Never be Enough to thank You Our journey toward buying our home wasn’t easy, but we got through it with great success because we had you by our side. Thank you for your hard work, patience, and diligence along the wayJason Thank you so much for all of your help! Thank you for going the extra mile for us on every step of our New HomeThank you for all of the hard work you’ve done( I’m in tears now just thinking how long we have come) We are endlessly grateful to have you as our agent and couldn’t be happier with the way everything worked out.We appreciated your patience and expertise. Your insight was extremely valuable to us and I don’t think we could have done this without you. we are so thankful and Grateful for your assistance, patience and expertise.Everytime we feel giving up He will always said Today Not the Day to Give upWe greatly appreciate your dedication It’s been fantastic Working withYou Are The best Jason I thank you from the Bottom of my HeartIf you have friends or family who need help buying a home in the future I highly recommend cause This guy is a Genius
yiolta josephyiolta joseph
20:51 08 Jun 23
It's a miracle, I'm still in shock of how quickly, efficiently, and professional aaa capital funding team were, Jason went above and beyond to help us closed our dream home, Jason is terrific in what he is doing, if you looking for a lender please do yourself a favor, call aaa capital funding,Jason has a solution for you, even when other lender said they can't, no matter what ,Jason will do anything to get you aprove,with no doubt.
Robert McDonaldRobert McDonald
15:43 09 May 23
WOW!! Amazingly I was able to close on a new home in 3 weeks with Jason as my broker and still can't believe how fast it was done. Throughout the process the team work was excellent from start to finish. Loving my new home and will definitely recommend my friends and family. Thanks much!
16:38 25 Apr 23
I thank God for Jason and his team. Jason was very professional, respectful, and easy to communicate with. He collaborated with our realtor. He explained the home-buying process to us and was very honest regarding what to expect from the market. He treated my husband and me like family. We closed in March!!! We are so grateful and glad we used AAA Capital Funding, Inc. for our mortgage needs, thank you, Jason, for your expertise and guidance during the whole process.
13:22 09 Oct 22
I was completely new to the home buying process. I tried preapprovals from known-name banks and was met with high rates and/or low loan amounts. I did some research and was advised to go with a local lender. With that, I did more research and landed on AAA Capital. I am very glad I was able to work with AAA Capital as Jason was fantastic and was able to quote my desired loan amount at 5.9%. In comparison to the previous quotes I received, this was acceptable.My overall experience of the home buying process was straightforward and easy. Going into this knowing nothing, I did not know what to expect, but Jason and my realtor guided me and explained things throughout the process. Jason was always responsive and really easy to communicate with, so I was always learning and aware of what is happening in real-time and what to expect next. I was preapproved in early August and found a house I liked in late August. My offer was accepted, and from there Jason was on point with getting things done. I was able to close at the end of September and can now say I am a homeowner! I have read/heard about negative experiences and how stressful buying a home can be, so I am genuinely grateful for how smooth my home buying experience with AAA Capital was. Thank you again Jason and team.

Make An Appointment

Prefer to visit our office to sit down with a local agent? It’s easy. Just call our office directly or use the form below in order to make an appointment online. Local: 954-390-7994 | Toll Free: 1-888-601-8344