Conventional Mortgage

Conventional Fixed Rate Mortgage

A “Conventional” (Conforming) Fixed Rate mortgage is ideal for borrowers with good credit needing a loan under $832,750 that plan to stay in the home for several years.  A “conventional” (conforming) mortgage is a loan that conforms to established guidelines for the size of the loan and your financial situation.

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Features of Conventional Fixed Rate Mortgage

  • Maximum loan amount is generally limited to $832,750 for a single-family home (limits may be higher in regions where home prices are higher)
  • Typically requires at least 5% down payment although options as low as 3% down could be available. (Terms improve with higher down payment amounts)
  • Popular fixed rate loan terms include 30-year, 20-year and 15-year (the longer the loan term the lower the monthly payments but also the more interest paid over the life of the loan)
  • Eligible for first time homebuyer or repeat buyer
  • Eligible for primary residence, secondary home or investment property

Benefits of Conventional Fixed Rate Mortgage

  • Interest rate does not change over the life of your loan, so easy to budget for monthly payments
  • May offer a lower interest rate and APR than other types of fixed-rate loans

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Contact a GMFS Mortgage Loan Officer today!

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Rating: 5 out of 5

Stephanie was always first rate and easy to communicate with she made the financial side of the experience more comfortable and understandable that the fear going in. Looking forward to working with ber again should the need ever arise. she was definitely top notch to work with!!

Andrew D. Baker – September 11, 2026
Rating: 5 out of 5

Greg goes above & beyond to provide a service that benefits the customer! Communication makes every step as easy as it could possibly be!!

Jerry W C. Hendersonville – September 11, 2026
Rating: 5 out of 5

Great communication, prompt response.

Jordan C. Covington – September 15, 2026
Rating: 5 out of 5

Very exped

Joseph H. T. Baton Rouge – September 9, 2026
Rating: 5 out of 5

She was patient and understanding. She also was really genuine about helping us. She really showed interest.

Reginald B. Opelousas – September 15, 2026

What Sets Us Apart

A Lender Who Cares

With GMFS Mortgage, you’re not just getting a loan—you’re getting a team that’s all in, every step of the way.

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Established

Since 1999, we’ve helped over 150,000 people across 23 states become homeowners.

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Everything from processing to closing happens under one roof. That means fewer hiccups…and more high-fives.

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Experienced

Our team averages 14+ years in the industry—and a lifetime of showing up for our clients.

*Not a commitment to lend.  All loans subject to credit and property approval.  The following terms are for illustrative purposes only.  Rates, payments, and loans terms vary by consumer based on their individual qualifying information.   The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance. 

Purchase PriceLoan AmountInterest RateAPRTerm
$239,000$227,0506.5%6.725%30