Conventional Loans

The most popular way to buy a home, with fixed and adjustable options and down payments starting at 3% for qualified buyers.

A conventional loan is a mortgage that is not backed by a government agency. It offers competitive rates, flexible terms from 15 to 30 years, and private mortgage insurance that can be removed once you reach 20% equity. With Opulence, your conventional loan is shopped across multiple investors, processed in-house, and coordinated with your real estate agent from offer to closing.

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Everything You Need to Buy

Compare loan programs, run your numbers, and reach our team, all from one place.

Who It Fits

Is a Conventional Loan Right for You?

Conventional financing rewards solid credit and steady income with some of the best rates and terms available.

Buyers with a credit score of 620 or higher

First-time buyers putting down as little as 3%

Buyers who want to avoid permanent mortgage insurance

Second homes and investment properties

Buyers who want a 15, 20, or 30-year fixed term

Loan amounts up to $832,750 in most areas

1 %

Lower rate in Year 1

Exclusive Program

The Opulence Advantage
2-1 Buydown.

An exclusive program that lowers your interest rate for the first two years of your loan. Your payments start lower, giving you breathing room for moving costs, furnishing, and settling into your new home.

Year 1: your rate is 2% below the note rate, for the lowest payment when moving costs are highest.

Year 2: your rate is 1% below the note rate, giving you a second full year of real savings.

Year 3 onward: your payment settles at the full note rate, which you qualify at from day one, so there are no surprises.

Exclusive to Opulence: your loan officer shows your exact Year 1 and Year 2 savings before you make an offer.

How It Works

Our Loan Process

Four clear steps from your first conversation to closing day, all handled by one in-house team.

Consultation

We start by understanding your goals. Your dedicated loan officer reviews your situation and recommends the right program.

Pre-Approval

Our technology compares your scenario across multiple investors in minutes. You get a clear picture of your rates, costs, and options.

Processing

Your in-house processor collects documents, orders the appraisal, and coordinates with title and closing. No third-party handoffs.

Closing

Final documents are prepared, reviewed, and signed. Funds are disbursed. Your loan officer stays with you through the last signature.

Ready to Get Started?

500 N. Franklin Turnpike, Suite 303
Ramsey, NJ 07446

Call: 800-558-0475
Email: info@ophomeequity.com

Frequently Asked Questions

Answers to the questions we hear most about conventional home loans.

How much do I need for a down payment?

Qualified first-time buyers can put down as little as 3%. Putting down 20% or more eliminates private mortgage insurance entirely, but it is not required to buy.

What credit score do I need?

Most conventional programs require a minimum score of 620. Higher scores generally earn better rates and lower mortgage insurance costs, and we review your full profile, not just the number.

Can I remove private mortgage insurance?

Yes. You can request removal once your balance reaches 80% of the home's original value, and it ends automatically at 78% as long as your payments are current.

What is the 2026 conforming loan limit?

For a one-unit home, the baseline limit is $832,750, with higher limits in designated high-cost areas. Loans above the limit for your county are financed as jumbo loans.

Can I use a conventional loan for a second home or investment property?

Yes. Conventional financing is available for primary residences, second homes, and investment properties, with down payment and credit requirements that vary by occupancy.

Does the Opulence Advantage Buydown work with conventional loans?

Yes. The 2-1 buydown is available on eligible conventional purchases, lowering your rate by 2% in Year 1 and 1% in Year 2.

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