OnlyWay Mortgage · Conventional loans
Conventional Loans in Georgia
A conventional loan is a mortgage that isn't insured by a government agency, and it's the most common way people buy a home. Fannie Mae and Freddie Mac offer low down payment programs for eligible buyers. We'll show you what it would look like for your Georgia home, side by side with your other options.
However you like to decide, start here.
- 01Bottom line firstSkip ahead: book a complimentary consultation and get a written plan.Book your consultation
- 02Show me what's possibleSee if conventional loans is the right fit for what you want next.Is it a fit?
- 03Walk me through itWhat we look at, step by step, so nothing catches you off guard.See the approach
- 04Give me the detailsCommon questions, answered plainly.Read the answers
Who it fits
A good fit when…
- Buyers with steady income and solid credit
- First-time buyers who want a low down payment option
- Buyers with a larger down payment who want to avoid mortgage insurance
- Owners refinancing a Georgia home they live in
How we work
The approach.
- 01Credit history and scores
- 02Income and how steady it is
- 03Monthly debts compared with income
- 04Savings for the down payment and closing costs
- 05The home's appraised value and condition
Financing availability depends on the borrower, property, purpose, lender, program, and jurisdiction. All financing is subject to eligibility, underwriting, program guidelines, property review, and lender requirements. No approval, rate, term, savings, timeline, or closing result is guaranteed.
Questions
Plainly answered.
Do I need a big down payment?
Not necessarily. Fannie Mae's HomeReady and Freddie Mac's Home Possible programs are built for low down payments, with income limits based on the area. With a smaller down payment on a conventional loan, you'll usually pay private mortgage insurance (PMI). We'll show you the exact numbers, with the APR, for your situation.
What is PMI?
Private mortgage insurance protects the lender, not you. According to the CFPB, you may be required to buy it on a conventional loan when your down payment is below the level your lender requires to avoid it.
How much can I borrow with a conventional loan?
Conventional loans that Fannie Mae and Freddie Mac buy have a maximum set each year by the FHFA. For 2026, the baseline limit for a one-unit home is $832,750, and some high-cost areas are higher. Above that, you'd look at a jumbo loan.
Can you guarantee approval or a rate?
No. Every loan is subject to the lender's review of your credit, income, assets and the home, and rates change daily. We tell you honestly what looks realistic before you spend time or money.
Residential mortgage services are offered in Georgia only.
Residential mortgage
Verify licensing at NMLS Consumer Access. Equal Housing Lender.
Equal Housing Lender. Clients are never required to use an affiliated or suggested service provider. You are free to choose your own lender, closing attorney, inspector, insurer, and other providers.
The right way forwardstarts here.
A complimentary, private strategy session. You leave with your numbers, a market brief and a timeline, whether or not you work with us.