Conventional home loans
Open the door to your dream home with our most popular loan
Already applied? Check status
Get to know this loan
Conventional mortgages are the most popular home loan option. If you have fair or better credit, can cover a 3%1 down payment and have a debt-to-income2 ratio of 49% or lower, this may be a good option for you.
Conventional loans are available with either fixed-rate or adjustable-rate options, and they come in 10-, 15-, 20- or 30-year terms.
Is this the loan for me?
I have fair or better credit and want a lower interest rate
I have fair or better credit and want a lower interest rate
I have at least 3% for a down payment
I have at least 3% for a down payment
No surprises — estimate your payment
No surprises — estimate your payment
Ready to know how much home you can afford? Just enter some basic information into the mortgage calculator below to estimate your total monthly payment, including principal and interest, monthly property taxes, fees and insurance.
Results from this calculation are hypothetical and are for illustrative purposes only. Calculators should be used as a self-help tool only and do not consider the impact of fees that may apply. Results may not be applicable to your individual situation and do not constitute an offer. We encourage you to seek advice and guidance from a qualified professional regarding all personal finance issues. Actual terms may differ.
Stress less with a conventional loan from Ent
Stress less with a conventional loan from Ent
90-day Lock & Shop rates3
Get pre-approved, lock in your interest rate and shop with confidence.
Lifetime loan support
We’ll be your contact for help. Have questions? You know who to call.
$500 guaranteed on-time closing4
You’ll close on your home on time, or we’ll owe you $500. Guaranteed.
Local expertise
With Ent, you’ve got local mortgage experts in your corner to guide you.

Ask a local expert
Ask a local expert
If you want to make sure a conventional home loan is the best option for you, reach out to our mortgage experts. They’re happy to answer your questions, and have the local experience to recommend the best loan for your personal situation.
Get free homebuying resources and tools
Get free homebuying resources and tools
Take advantage of our free tools, useful articles and more. You’ll stress less having the know-how you need to confidently achieve your goal of homeownership.
What are the Differences: VA Loan vs Conventional Loan
Choosing the right credit union mortgage loan shouldn’t feel like decoding a secret manual. Yet when people first compare a VA loan vs a conventional loan, the jargon — funding fees, PMI, conforming limits — can stall the search before it starts. This guide strips away the haze by lining up the two products feature by feature. You will see how each loan handles down payments, credit scores, interest rates, and closing costs, and you’ll finish with a checklist that points you toward the option most likely to fit your budget, service record, and future plans.
Adjustable-rate and fixed-rate mortgages
The interest rate on your mortgage will either be fixed or adjustable depending on what type of mortgage you choose. A fixed-rate mortgage means the interest rate will stay the same over the entire life of the loan. You will need to pay the same amount every month until the balance is paid off in full. With an adjustable-rate mortgage, the interest rate will vary at regular intervals, which means your monthly payment will also fluctuate. Both types of home loans will help you secure a piece of property, but they come with different terms and conditions that can affect your finances. Read this article to learn more about the difference between fixed-rate and adjustable-rate mortgages.
Buying a Home for the First Time? How to Navigate Your Purchase
Nothing could be more exciting than buying your first home! After years of saving and renting, it’s finally time to be the master of your own domain. But buying a home can be much more complicated than you might realize. The asking price of the home is just one piece of the equation as you navigate this all-too-important purchase. From shopping for a mortgage to budgeting for unexpected costs, we’ll walk you through every step of the process.
How much do you need for a down payment on a house?
Understanding how much you may need for a down payment is an important part of the home-buying process. Your down payment amount not only can help you determine if you have enough money saved to purchase a house but can also affect your monthly payments going forward. Read this article to learn more about the down payment requirements for different home loans.
Buying a House in a Hot Market
Buying a home in a seller’s market can be challenging. While housing market conditions may be less than ideal, there are still benefits to buying a property versus renting. Use these tips to stay ahead of the competition and land the house you’ve always wanted.
Refinancing Your Home: How to Refinance a Mortgage
Refinancing your mortgage is a great way to reduce debt and take control of your finances. There are many reasons to swap out your current home mortgage for a new repayment plan. It all depends on what you’re looking to achieve with your new home loan. Use this guide to learn more about the refinancing process to see if this is the right option for you.
Getting Pre-Approved for a Mortgage Loan: What You Need to Know
Are you ready to house hunt, but are wondering "How much mortgage can I afford?" Getting pre-approved for a mortgage can show sellers that you are a serious prospect and give you a leg up on other buyers who jump the gun by visiting open houses without even knowing their budget. In this market, where sellers are getting many offers including cash offers, a pre-approval can help you stand out as a buyer. When you have a documented pre-approval, the seller knows you will be able to get the funding you are offering for the home and you’ll be able to close more quickly and reliably.
Home Buying Process: Ten Major Steps to Buying a House
The decision to buy a home can be both exciting and terrifying all at the same time. Homeownership is what many of us strive for—to be able to have a home that we can call our own, as well as a real estate asset we can use to build our personal wealth. It is a big step to take. At the same time, though, the process of buying a house can be overwhelming. Understanding the step-by-step process in purchasing a home can help make the home-buying experience a more positive one for you and your family and can help reduce the additional stress that comes with big purchases in life.
VA loan eligibility requirements
If you are an Armed Forces member or veteran, you may qualify for the VA loan program. VA loans come with lower eligibility requirements to help service members and their families afford to buy a home even if they don’t have a lot of money in savings or a high credit score. You will need to ensure you meet all the VA loan requirements to get approved. Learn more about the VA loan requirements to see if you qualify.
Conventional home loan FAQs
A conventional mortgage is any type of home loan that’s not secured by a government entity. FHA and VA loans are government loans secured by a federal entity and are therefore not "conventional." A conventional mortgage can have either a fixed or an adjustable interest rate.
Adjustable-rate and fixed-rate mortgages are similar in that they are both used to purchase and refinance property, but they come with different terms and conditions that can affect how much you pay monthly. A fixed-rate mortgage comes with a set interest rate that will not change over time. You will need to pay the same amount every month until the principal has been paid off in full.
An adjustable-rate mortgage (ARM) has a fixed interest rate for a set number of years. The rate will then change periodically based on the inflation rate and the benchmark rate set by the Federal Reserve. If you sign up for an ARM, you might pay less in interest for the first 5-10 years, but your monthly payment may increase later on. You can refinance an adjustable-rate mortgage to fixed-rate before the initial period ends.
The interest rate is the cost you pay each year to borrow money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan. Mortgage rates are tied to the basic rules of supply and demand. Factors such as inflation, economic growth, the Federal Reserve’s monetary policy and the state of the bond and housing markets all come into play. Of course, a borrower's financial health will also affect the interest rate they receive.
In general, the higher your down payment, the less interest you’ll have to pay on your loan. In most cases, lenders require a down payment of at least 3% of your target home price, but this will vary by loan type and lender. You can often save money on interest if you put down at least 10% of the home price and you’ll save the most if you put down at least 20%, which will help you to avoid private mortgage insurance fees. The average down payment on a home in 2022 was 13%, according to the National Association of REALTORS®.
Closing costs are the expenses you pay in addition to your down payment on a home. When you are buying a home, you generally pay all costs associated with that transaction out of pocket. However, depending on the contract or state law, the seller may end up paying for some or all of these costs. Common closing costs for a home include appraisal fees, taxes and homeowners insurance. You may also need to make mortgage loan interest payments for the interest accrued until your first payment is due. Closing costs can make up about 3%-6% of the loan amount.
* APR - Annual Percentage Rate: An annual percentage rate is a broader measure of the cost of borrowing money than the interest rate. The APR reflects the interest rate, any points, mortgage broker fees, and other charges that you pay to get the loan. For that reason, your APR is usually higher than your interest rate. Source: Consumer Financial Protection Bureau
All interest rates, qualification criteria and underwriting analysis is subject to the sole discretion of Ent Credit Union. This may include analysis of satisfactory insurance, appraisal and title reports. Additional conditions or exclusions may apply. Ent Credit Union reserves the right to cancel any offer or loan at any time.
1 3% down payment options are available for first-time home buyer programs and qualifying conventional loans. Financial details of each loan are based on an individual’s credit score, assets, debt, and overall financial situation. Loan requirements are subject to change at Ent’s sole discretion.
2 Mortgage criteria shown such as DTI, credit score, down payment/LTV, terms, and other qualifications are intended for general education and awareness of guidelines for each product and program. For information on how to calculate your DTI, please see this resource from Ent Credit Union. To understand how loan criteria relates to your unique situation, please contact a mortgage expert at Ent Credit Union to discuss your options.
3 Lock & Shop is available on fixed-rate mortgage loans, excluding all refinance types and CHFA loans. This allows you to shop for your home and close your loan, for a total of 90 days of rate increase protection, all at no cost to you. Additional conditions or exclusions may apply. Please refer to Ent’s Important Loan Information and Mortgage Rate Lock Information for more information.
4 $500 Mortgage Closing Guarantee is based on the mortgage loan closing date provided in the original sales contract. This guarantee is only available on purchase mortgage loans with closing dates set for a minimum of 30 days after the original purchase contract is signed. Loan closing date is subject to receipt of completed application and required supporting documentation. Required supporting documentation must be provided no less than two (2) business days after application receipt. Loan closing is subject to underwriting approval. Closing guarantee is not applicable if: a) borrower changes loan products or terms, b) closing is delayed due to seller’s failure to close on time, c) borrower fails to meet contract requirements, d) closing is delayed due to a third party requirement, including appraisal and inspection, e) closing date is not included in the contract, f) closing is delayed due to inclement weather or natural disaster, or g) loan documentation or application contains fraudulent information. Ent reserves the right to amend, terminate or withdraw this offer at any time without prior notice. Guarantee paid in the form of a $500 credit on the settlement form at closing.
Standard account and credit qualifications apply. All loans subject to final credit approval. Rates and terms are subject to change without notice and are dependent upon credit performance. Visit Ent.com/Legal to review Ent’s Important Loan Information and Disclosures.
Financing available on homes in Colorado. Property insurance is required. Consult a tax adviser for further information regarding deductibility of interest and charges.
Insured by NCUA | © 2025 Ent Credit Union