Conventional Home Loans

Conventional loans are the most common mortgage type in the U.S. G Elite Capital originates Fannie Mae and Freddie Mac conforming loans as well as jumbo programs for higher balances.

Program highlights

Best pricing for borrowers with strong credit and stable income.

• 3% down for first-time buyers (HomeReady / Home Possible)
• 5–20% down for repeat buyers
• FICO scores from 620
• Fixed 15/20/30-year and 5/6, 7/6, 10/6 ARM options
• Jumbo loans up to $3M with 10% down
• PMI drops automatically at 78% LTV

Frequently asked questions

What is the difference between conforming and jumbo loans?

Conforming loans fall within Fannie/Freddie limits (updated annually — $766K–$1.15M in 2026 depending on county). Loans above that limit are jumbo and use different underwriting.

When does PMI go away on a conventional loan?

PMI drops automatically when your LTV hits 78% based on the original schedule, and you can request removal at 80% LTV with a new appraisal.

Apply now · Talk to a loan advisor

https://gelitecapital.com/loans/conventional