{"id":109276,"date":"2024-01-27T23:10:21","date_gmt":"2024-01-27T23:10:21","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/can-you-get-a-conventional-loan-with-3-down\/"},"modified":"2024-01-27T23:10:21","modified_gmt":"2024-01-27T23:10:21","slug":"can-you-get-a-conventional-loan-with-3-down","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/can-you-get-a-conventional-loan-with-3-down\/","title":{"rendered":"Can you get a conventional loan with 3 down?"},"content":{"rendered":"

Can you get a conventional loan with 3 down?<\/p>\n

If you’re looking to purchase a home and wondering if you can secure a conventional loan with only a 3% down payment, the answer is yes! Conventional loans, which are not backed by the government, often require a higher down payment compared to government-backed loans, but there are options available for borrowers who have saved up 3% for their down payment.<\/p>\n

Conventional loans with a 3% down payment are known as conventional 97 loans. These loans can be a great option for homebuyers who want to take advantage of the benefits of a conventional loan, such as competitive interest rates and flexible terms, while putting down a lower initial amount. However, it’s important to understand the qualifications, requirements, and potential drawbacks before making a decision.<\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n