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(702) 696-9900Check Rate
QUICK ANSWER — Conventional pros: PMI drops at 20% equity, no upfront MI, higher loan limits ($766,550), investment properties. Cons: 620+ credit, 5%+ down, higher rates below 720 credit. NMLS #65506.
Reviewed by Vatche Saatdjian·NMLS #65506

Conventional Pros & Cons

PMI drops at 20%. Higher loan limits. Investment properties allowed. But higher credit needed and bigger down payment.

Check Your Rate →(702) 696-9900
790+
Reviews
No PMI
At 20% Down
50+
Lenders
28
Days Avg
HONEST LOOK

The Full Picture

✓ Advantages
✓ PMI drops at 20% equity
✓ No upfront mortgage insurance
✓ Higher loan limits ($766,550+)
✓ Investment properties allowed
✓ Second homes allowed
✓ Fewer property restrictions
✓ Faster appraisals
✓ No permanent insurance
✗ Trade-Offs
✗ Higher credit needed (620+)
✗ Larger down payment (5-20%)
✗ Higher rates below 720 credit
✗ Stricter DTI limits (50% max)
✗ PMI adds cost below 20% down
✗ Less flexible than FHA/VA
✗ No government guarantee
✗ Income limits for 3% programs
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WHY US
The Valley West Difference
50+
Lenders competing for your loan.
$0
Application + processing fees.
28
Average days to close.
4.9★
790+ five-star reviews.
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REVIEWS

What Homebuyers Say

★★★★★

"Put 20% down, no PMI. Valley West got me 0.25% lower than my bank offered. Saved $180/month."

— Conventional buyer, Las Vegas
★★★★★

"Shopped 50+ lenders. Zero fees. Closed in 25 days on my investment property."

— Conventional buyer, Henderson
★★★★★

"Refinanced from FHA to conventional. Dropped MIP, rate went down. Saving $350/month."

— Refinance buyer, Summerlin

Conventional Resources

→ Requirements → Rates Today → Calculator → Credit Score Guide → Down Payment → Conv vs FHA → First-Time Buyer → Pre-Approval → Closing Costs → Compare All Loans
FAQ

Questions? Answered.

For 720+ credit with 10%+ down, conventional is the best loan available. PMI drops, no permanent insurance, investment properties allowed.

PMI drops at 20% equity. FHA MIP never drops. This saves $200-$400/month long-term.

Higher barrier to entry: 620+ credit and 5%+ down. If you have limited savings or lower credit, FHA is easier.

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Also: VA Loans → · FHA Loans →

conventional rates from 5.750%
(702) 696-9900Check Conventional Rate