Conventional Loans in New Jersey, Pennsylvania & Florida
Conventional loans offer flexible terms, competitive rates, and no upfront government mortgage insurance for qualified buyers. Ai Remco LLC passes through wholesale lender pricing so you can review your options with one application.
Competitive rates
Access to our wholesale conventional rates.
No upfront mortgage insurance
No FHA/VA/RD funding fee; PMI only when putting less than 20% down.
Flexible options
Fixed-rate and adjustable-rate terms from 10 to 30 years.
Cancel PMI
Private mortgage insurance can be removed once you reach 20% equity.
What is a conventional loan?
A conventional loan is a mortgage that is not insured or guaranteed by a government agency such as the FHA, VA, or USDA. Because the lender assumes more of the risk, borrowers typically need stronger credit and a stable income, but in return they often get lower overall costs and more flexible loan structures.
Conventional loans are the most common type of mortgage in the U.S. They can be used to purchase or refinance a primary residence, second home, or investment property, and they are available as fixed-rate or adjustable-rate mortgages.
Fixed-rate vs. ARM
A fixed-rate conventional loan keeps the same rate and payment for the life of the loan. An adjustable-rate mortgage (ARM) starts with a lower initial rate that adjusts periodically after a fixed period — common options include 5/1, 7/1, and 10/1 ARMs.
Private mortgage insurance (PMI)
If your down payment is less than 20%, lenders require PMI. Unlike FHA mortgage insurance, conventional PMI can be cancelled once your loan balance reaches 78% of the original home value or you can request cancellation at 80% equity.
Conventional loan requirements
Typical requirements
- Credit score 620+ (620–640 is a common minimum; higher scores generally receive better pricing)
- Down payment as low as 3% for first-time buyers; 5% for repeat buyers
- DTI generally below 43–45%
- Stable employment and income history
- Appraisal supporting the purchase price or value
Great for borrowers who
- Have good credit and manageable debt
- Can put 20% down to avoid PMI
- Want flexible loan terms
- Are buying a second home or investment property
- Prefer a loan without government mortgage insurance
Questions, answered
New Jersey counties where borrowers use this program
Ai Remco LLC is a licensed New Jersey mortgage broker serving borrowers throughout the state. These county pages explain how this program fits local property types, price ranges and municipalities.
- Mortgage broker in Warren County, NJ
The default for most Warren County purchases, including single-family homes on acreage.
- Mortgage broker in Hunterdon County, NJ
The core program for most Hunterdon purchases and refinances.
- Mortgage broker in Morris County, NJ
The workhorse program across Morris County's single-family and condo markets.
- Mortgage broker in Somerset County, NJ
The default across Bridgewater, Hillsborough and Montgomery.
- Mortgage broker in Bergen County, NJ
Standard financing for single-family and warrantable condo purchases.
- Mortgage broker in Middlesex County, NJ
The dominant program across Edison, East Brunswick and South Brunswick.
- Mortgage broker in Monmouth County, NJ
The core program for Freehold, Howell, Middletown and Marlboro.
See the full New Jersey mortgage broker hub for all 21 counties.
Ready to compare conventional loan options?
Talk to a licensed loan officer and see which wholesale conventional options fit your scenario.
Ai Remco LLC, NMLS #2560393. Licensed mortgage broker. This page is for general information only and is not a commitment to lend. All loan applications are subject to credit approval, property appraisal, income and employment verification, and underwriting. Rates, terms, and availability are subject to change without notice and vary by borrower. Equal Housing Opportunity. See our Licensing & Disclosures page.