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(702) 696-9900Check Rate
QUICK ANSWER — Conventional first-time buyer programs: Fannie Mae HomeReady (3% down, 620 credit, income limits) and Freddie Mac Home Possible (3% down). PMI drops at 20% equity unlike FHA. NMLS #65506.
Reviewed by Vatche Saatdjian·NMLS #65506

Conventional for First-Time Buyers

3% down through HomeReady and Home Possible. PMI drops at 20% equity. Better long-term than FHA for 700+ credit.

Check Your Rate →(702) 696-9900
790+
Reviews
No PMI
At 20% Down
50+
Lenders
28
Days Avg
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PROGRAMS

First-Time Buyer Programs

Fannie Mae HomeReady

3% down, 620+ credit. Income must be ≤80% of area median. Reduced PMI rates. Gift funds and down payment assistance allowed.

Freddie Mac Home Possible

3% down, 620+ credit. Similar to HomeReady with slightly different income requirements. Reduced PMI. Co-borrowers allowed.

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WHY US
The Valley West Difference
50+
Lenders competing for your loan.
$0
Application + processing fees.
28
Average days to close.
4.9★
790+ five-star reviews.
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REVIEWS

What Homebuyers Say

★★★★★

"Put 20% down, no PMI. Valley West got me 0.25% lower than my bank offered. Saved $180/month."

— Conventional buyer, Las Vegas
★★★★★

"Shopped 50+ lenders. Zero fees. Closed in 25 days on my investment property."

— Conventional buyer, Henderson
★★★★★

"Refinanced from FHA to conventional. Dropped MIP, rate went down. Saving $350/month."

— Refinance buyer, Summerlin

Conventional Resources

→ Requirements → Rates Today → Calculator → Credit Score Guide → Down Payment → Conv vs FHA → First-Time Buyer → Pre-Approval → Closing Costs → Compare All Loans
FAQ

Questions? Answered.

Yes — through HomeReady (Fannie Mae) or Home Possible (Freddie Mac). Requires 620+ credit and income below 80% of area median.

At 700+ credit with 5%+ down, conventional is often better than FHA long-term because PMI drops at 20% equity.

Fannie Mae program for first-time and low-income buyers: 3% down, reduced PMI, and flexible income sources including roommate income.

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Also: VA Loans → · FHA Loans →

conventional rates from 5.750%
(702) 696-9900Check Conventional Rate