Conventional Home Loans

Conventional mortgages offer competitive rates, diverse term options, and fewer restrictions—perfect for buyers with good credit looking for straightforward terms and lower costs.

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Loan Type	Rate	APR	Points	Est. Monthly Payment
Conventional 15-Year Fixed	6.750%	7.199%	1.970	$3,097
Conventional 30-Year Fixed	7.250%	7.517%	1.787	$2,387

Loan Type	Rate	APR	Points	Est. Monthly Payment
Conventional 15-Year Refinance	6.875%	7.363%	2.407	$3,121
Conventional 30-Year Refinance	7.375%	7.688%	2.441	$2,417

Loan Type	Rate	APR	Points	Est. Monthly Payment

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.199% APR and $3,097 monthly payment at 70% loan-to-value (LTV) and 1.970 discount points. Payment is Principal and Interest example only. Rate shown is current as of October 14, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.517% APR and $2,387 monthly payment at 70% loan-to-value (LTV) and 1.787 discount points. Payment is Principal and Interest example only. Rate shown is current as of October 14, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.363% APR and $3,121 monthly payment at 70% loan-to-value (LTV) and 2.407 discount points. Payment is Principal and Interest example only. Rate shown is current as of October 14, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.688% APR and $2,417 monthly payment at 70% loan-to-value (LTV) and 2.441 discount points. Payment is Principal and Interest example only. Rate shown is current as of October 14, 2026.

Estimated monthly payment includes principal and interest only.

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No-impact credit check. No commitment.

5.0

Jill and the whole lending team were amazing from the very start of our home buying experience. We are first time home buyers and Jill made the process way less daunting then expected. we cannot thank Jill and … her team enough for such a wonderful experience!

Joe I.

Verified Customer

August 28, 2026

5.0

ill was very expedient withresponwhich is so helpful during a stressful time like buying a home. she answered every question we had and took care of us. Jill Iis the best!

Rebekah F.

Verified Customer

September 15, 2026

5.0

Earnest was absolutely wonderful throughout the entire process. He was always upbeat and positive. He was very patient. He made the entire process as seemless as possible. I highly recommend that you use him whenever the need arises.

Linda M.

Verified Customer

October 1, 2026

5.0

Patrick is always available for questions; his response time is great. He explains everything so we can understand. His attention to detail is spot on. Love Working with Patrick.

Cindy A.

Verified Customer

August 13, 2026

5.0

Chloe Bringerud's attention to detail and promptness made this transaction a great experience. She was professional, responsive, and ensured everything stayed on track from start to finish. As a Realtor, I truly appreciated her dedication, whic…h helped me build a strong bond of trust with my clients. I look forward to working with her again in the future.

William C.

Verified Customer

July 20, 2026

5.0

Very prompt and efficient process and excellent communication skills.

Todd M.

Verified Customer

September 10, 2026

Joe I. rated Jill Taylor 5.0 stars: Jill and the whole lending team were amazing from the very start of our home buying experience. We are first time home buyers and Jill made the process way less daunting then expected. we cannot thank Jill and her team enough for such a wonderful experience! Rebekah F. rated Jill Samsel 5.0 stars: ill was very expedient withresponwhich is so helpful during a stressful time like buying a home. she answered every question we had and took care of us. Jill Iis the best! Linda M. rated Earnest M Haynes Jr 5.0 stars: Earnest was absolutely wonderful throughout the entire process. He was always upbeat and positive. He was very patient. He made the entire process as seemless as possible. I highly recommend that you use him whenever the need arises. Cindy A. rated Patrick Wesson 5.0 stars: Patrick is always available for questions; his response time is great. He explains everything so we can understand. His attention to detail is spot on. Love Working with Patrick. William C. rated Chloe Bringerud 5.0 stars: Chloe Bringerud's attention to detail and promptness made this transaction a great experience. She was professional, responsive, and ensured everything stayed on track from start to finish. As a Realtor, I truly appreciated her dedication, which helped me build a strong bond of trust with my clients. I look forward to working with her again in the future. Todd M. rated Erica Hilla 5.0 stars: Very prompt and efficient process and excellent communication skills.

Enjoy long-term stability and manageable monthly payments with a 30-year fixed rate mortgage from Lower. Perfect for those seeking predictability and a comfortable budget fit.

Get a personalized 30-year rate quote

Pay off your home faster and save on interest with a 15-year fixed rate mortgage from Lower. Ideal for those who want to build equity quickly and secure long-term savings.

Get a personalized 15-year rate quote

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Get pre-qualified for a conventional loan

Conventional loans are the most common type of home loan, and feature a wide range of options when it comes to down payment, loan structure, and the type of property you’re buying.

Qualifying first-time homebuyers may be able to put down as little as 3%, while other borrowers may qualify with a down payment as low as 5%. Some buyers also opt for a larger down payment to reduce their monthly payment and avoid private mortgage insurance, or PMI.

Conventional loans differ from government-backed loan types like FHA loans in that they can be used for a wide range of property types, including primary residences, second homes, and investment properties, depending on eligibility.

Credit score requirements vary depending on your unique financial situation, as do debt-to-income requirements.

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