Conventional Loans - Educated Mortgage

The Simple Path to Completing Your Home Purchase

You deserve a straightforward path to homeownership without the confusing hurdles or endless red tape. While the mortgage world can feel overwhelming, a conventional loan offers a simple, time-tested way to buy your home with predictable monthly payments and flexible down payment options. We handle the complex guidelines behind the scenes so you can focus on getting the keys to your home with total confidence.

Get Pre-Approved

Call Us! 608-834-5000

Who Can Get a Conventional Loan?

Conventional loans are available to a wide range of borrowers. There are no income limits and it will provide financing on 1-4 unit residential properties to be used as primary residences, second homes, and investment properties. To qualify for a conventional loan, you’ll need a minimum 620 credit score and maximum debt to income ratio of 45% (exceptions made up to 50% with compensating factors). The interest rate and closing cost structure of conventional loans are best suited for clients with high credit scores and/or large down payment/equity.

      EXCELLENT  
   Based on 70 reviews 
    
 
 
 
   
 
 
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   Marina Younger 
 
 
 
 Trustindex verifies that the original source of the review is Google. We had unexpectedly found our dream home and needed to get pre approved on what seemed like an impossibly short timeline to make an offer, but Dan came through for us and with a rate that beat all others. If you want a business that you can call that picks up the phone and it's exactly who you need to talk to, you've found the right place.
  
 
      Posted on Google  
   
   Brett Peterson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Dan, Heidi, and the Educated Mortgage team made the refinancing process a breeze and easy to understand. They answered every question we had. We definitely plan on working with them again.
  
 
      Posted on Google  
   
   Holly Lowry 
 
 
 
 Trustindex verifies that the original source of the review is Google. Dan and his team helped me with a refi and it took forever (on my part not theirs :D) but his team and him answered all my questions and gave me what I needed to work on things and we got it done! Will definitely be going back to them when I need another refi.
  
 
      Posted on Google  
   
   Chris B. 
 
 
 
 Trustindex verifies that the original source of the review is Google. Such a great experience!  Dan & Heidi are relentless - so professional, such good communication and follow up, made everything super easy.  The tools they use are also great.  I shopped brokers and had a few I was dealing with and asking questions to, but in the end I'm so glad we chose Educated Mortgage for our recent condo purchase.
  
 
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   Mike Layman 
 
 
 
 Trustindex verifies that the original source of the review is Google. I absolutely love these guys! Best service, best prices and easy to work with
  
 
      Posted on Google  
   
   Jessica Gilbertson 
 
 
 
 Trustindex verifies that the original source of the review is Google. I can not say enough good things about Educated Mortgage. We had the pleasure of working with Dan and Heidi. From the beginning conversations with Dan to the loan application to the processes with Heidi all the way up through the closing, the experience was beyond exceptional. Communication with us very efficient and they worked very hard for us. Our situation was extraordinary and definitely presented challenges but they never gave up on us. We actually spoke with Dan several months prior to this and he gave us advise on things we needed to work on, which we did and when we called him back he was ready to go to work for us. Even after the closing, he will watch our loan and mortgage rates and let us know if and when the time could be right to refi. They are there for you from the beginning and we will still be there months or years down the road to help. Even if it is just to ask some questions. Educated Mortgage is just amazing.
  
 
      Posted on Google  
   
   Carrie Neu 
 
 
 
 Trustindex verifies that the original source of the review is Google. Friendly people.
  
 
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   Dan Davis 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great people to work with, made the process of the mortgage very easy to understand. Definitely would recommend
  
 
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   Peggy Sheets 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was out second time with Educated Mortgage and it went  as smooth as first time.Dan and Heidi were great explaining things and keeping us informed.We  refinanced out home,took care of some credit card and student loan debt  and enough for a tree removal.and our mortgage is still affordable.we recommend  them highly.Al and Peggy Sheets

The Right Mortgage for Your Unique Financial Journey

Every financial path is different, which means forcing your life into a one-size-fits-all loan just doesn’t work. That’s why we don’t expect you to guess your way through complex guidelines alone. During our straightforward mortgage consultation, we will sit down with you, look at your actual financial picture, and map out a clear strategy tailored to your credit score and down payment goals. Step into the future with a monthly payment that protects your peace of mind and your budget.

Why a Conventional Mortgage May be Right for You

You want a stable, predictable path to homeownership without being trapped by fees and rigid rules. While navigating loan options can feel overwhelming, a conventional mortgage serves as a tool to reward your solid credit with lower monthly payments and the freedom to cancel your private mortgage insurance (PMI) once you build equity. By aligning this time-tested loan with your financial goals, you bypass the red tape, keep more money in your pocket, and take ownership of your future with total confidence.

Get Pre-Approved

Call Us! 608-834-5000

Benefits of Conventional Loans:

Buy a home with as little as 3% down
Refinance loans up to 95% of the current value of your home
Multiple mortgage insurance (PMI) options available
Clients with a previous bankruptcy can qualify 4 years after discharge
Clients with a previous foreclosure can qualify 4-7 years after sheriff’s deed transfer
More lenient property condition requirements than other loans

Conventional Mortgage Loans in WI & IL

Find out about your options today!