Conventional Loans
Idaho Mortgage Broker | FHA, VA and Conventional Home Loan Programs for Purchase and Refinance.
Jesse Stroup, Mortgage Broker
Home Loans of Idaho, LLC
Phone: (208) 907-2846
Email: [email protected]
NMLS# 6229
Company NMLS# 2187314
Licensed in: ID
Conventional Loans
Best long-term value when your credit and down payment are solid.
The standard path for strong-credit buyers.
Conventional loan requirements.
Why conventional works long-term.
Common conventional questions.
Ready to lock your conventional rate?
Conventional Loans · Purchase
Conventional loans follow Fannie Mae and Freddie Mac guidelines. With as little as 3% down and no upfront mortgage insurance, they are the most popular choice for qualified Idaho buyers who want the lowest lifetime cost.
At a glance
Down payment
3%
First-time buyers
Credit score
620+
740+ best rates
PMI drops
20%
Equity threshold
2026 limit
$1.25M
Overview
Not government-backed, conventional loans reward borrowers with good credit and stable income. PMI is temporary — it drops automatically at 20% equity — and there is no upfront mortgage insurance premium like FHA.
Eligibility
Lenders look at credit, income, assets, and the property. Stronger profiles unlock better rates and lower PMI.
PMI drops automatically at
20% equity
Monthly savings vs. FHA
$150–400
Benefits
FAQ
If your credit is strong and you have 3–20% to put down, conventional is often your cheapest long-term option. Let us run the numbers.
No obligation · Same-day pre-approval · NMLS
Independent mortgage broker in Boise. FHA, VA, Conventional, and Jumbo programs — one person on the phone from hello to funded.
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License
NMLS
Co. NMLS
Idaho Mortgage Broker
Home Loans of Idaho
108 N Washington Ave
Emmett, ID 83617
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