To refinance at conventional low rates you need net income on your IRS taxes in past two years and YTD 2021-or 2022 if you go longer earnings averaged to be less than 43% of all total bills including the proposed payment taxes, insurance and any HOA.

They both limit the number to 4 and both are pretty conventional looking for W2s. 

Hi, my wife and I are looking for a 1st property in the Smokey mountains or Florida/Orlando using a 1st time buyer conventional loan and we plan on staying there for the year then turning it into a short term rental.

In an ideal world I would like to refinance into a conventional loan if I were able to meet the 80 LTV but the home would have to appraise at $940K in order to do so. $755K/$945K = <80 LTVAny and all help/advice is greatly appreciated!

I did a 5% down conventional with PMI on it, so I owe (according to my loancare.com account) about $186k still on the home.

If you have decent credit and a steady income, then you can get a conventional loan with 3-5% down.

@John S.The max loans are for conventional conforming loans.

Just looking to compare rates to conventional loans.

I plan on going the conventional route and was quoted interest rates of 3-4%.

As far as financing goes, there are conventional loans specifically for first time homebuyers that you can utilize to put 5% down (giving you the advantages of the conventional loan with the desirable low money down aspect of the FHA).